Welcome
We are delighted to welcome you to the GRI Global Chairmen’s Retreat 2026 - Europe.
As always, the GRI Chairmen’s Retreat provides a collegial and informal space for conversations between friends.
It is an opportunity to compare ideas, concerns and hopes with the best and brightest of your peers.
We encourage you to actively participate, interject, comment, question, dissent, and openly speak your mind. And to have fun while doing so.
Life is too short for anything else.
Welcome to St Moritz.
As always, the GRI Chairmen’s Retreat provides a collegial and informal space for conversations between friends.
It is an opportunity to compare ideas, concerns and hopes with the best and brightest of your peers.
We encourage you to actively participate, interject, comment, question, dissent, and openly speak your mind. And to have fun while doing so.
Life is too short for anything else.
Welcome to St Moritz.
GRI CHAIRMEN’S RETREAT — ETHOS
- We come together in a spirit of trust, collegiality and mutual respect.
- Every participant shares in and contributes to the collective experience - that is what makes the Retreat work.
- Fairness is essential: we treat one another as peers and do not seek advantage at someone else’s expense.
- Integrity guides our interactions - we honour the Retreat as a private and curated forum, not as a commercial opportunity.
- We protect the comfort and dignity of all Members by avoiding behaviour that places others in awkward or exploitative situations.
- The value of the Retreat lies not in transactions, but in relationships and shared insight.
- The Retreat naturally thrives through the participation of those who contribute positively to its spirit and uphold its values.
SCHEDULE
WEDNESDAY 14
12:00 - 24:00
Arrivals
Consider: the train from Zürich Airport to St Moritz with 2 changes at Zürich central station and Chur travels through a scenic Winter Wonderland and is highly recommended, especially during daylight. One can buy train tickets online from the official SBB website. Car service is also available at the Palace concierge.
Evening
19:00 - 19:30
New Members welcome orientation
Members Only
[Main Hall]
[Main Hall]
Pop-in Pop-out
Welcome Drinks
Welcome Drinks
Members & Spouses/Partners
Main Hall]
Main Hall]
21:00 - 23:00
Members Independent Dinner
Join GRI Members’ Table
[Jason Atherton (King's Social House)]
[La Coupole - Matsuhisa (Nobu)]
[Patrizier Stuben]
[La Coupole - Matsuhisa (Nobu)]
[Patrizier Stuben]
Members independent dinner is under the auspices of the women’s committee. This is an independent members dinner where everybody pays for themselves.
(GRI-facilitated independent optional dinner with other members. Not part of program, settled by dining participants individually).
Tip:
Equipment rental
Today if possible (or any other downtime if not) is an ideal quiet time to rent/reserve equipment in the hotel's excellent ski shop before the crunch on activity days.
Equipment rental
Today if possible (or any other downtime if not) is an ideal quiet time to rent/reserve equipment in the hotel's excellent ski shop before the crunch on activity days.
THURSDAY 15
Daylight
08:45 - 17:30
Sessions
Members Only
Opening debate | Breakout discussions | Keynote | Plenary reporting & dissent | Chairmen's forecasts & votes
Daylight
08:45 - 16:30
Guided Spouse Activities & Lunch
Spouses/Partners
Evening
20:00 - 23:00
Members Independent Dinner
Join GRI Members’ Table
[Grill Chadafö]
[La Coupole - Matsuhisa (Nobu)]
[Pizzeria Heuboden]
[Restaurant Salastrains]
[Grill Chadafö]
[La Coupole - Matsuhisa (Nobu)]
[Pizzeria Heuboden]
[Restaurant Salastrains]
(GRI-facilitated independent optional dinner with other members. Not part of program, settled by dining participants individually).
FRIDAY 16
Daylight
08:30 - 09:30
09:30 - 09:45
09:45 - 16:00
Guided Networking Activities
Members & Spouses/Partners
Group departures from hotel entrance:
Independent Activities:
- 10:00 - 16:00 | Skiing (Palace Lobby)
Last departure: 10:45 - 10:30 - 12:00 | CurlingSt. Moritz Curling Club (Palace Lobby)
Last departure: 10:00*Pre-booking at the GRI Registration - 14:00 - 18:00 | TennisTennis Center St Moritz
*Pre-booking at the GRI Registration
- 14:30 - 17:30 | PadelTennis Center St Moritz
*Pre-booking at the GRI Registration
Independent Activities:
Request information at the Concierge
- Hiking - all levels
- Sledding - Preda-Bergün
- Cycling (Electric Bike)
- Ice Skating - frozen St. Moritz Lake. Ice skates can be rented at the Ludains ice arena next to the lake. Familiarity with ice skating is advisable.
12:30 - 14:00
Lunch
Members & Spouses/Partners
[Salastrains]
[Salastrains]
Evening
19:00 - 20:00
Cocktail
Members & Spouses/Partners
[Main Hall]
[Main Hall]
20:00 - 21:00
Gala Dinner
Members & Spouses/Partners
[Le Restaurant - Palace]
*Jacket (tie optional)
[Le Restaurant - Palace]
*Jacket (tie optional)
21:00 - 23:00
Cocktail Bar & Casino
Members & Spouses/Partners (at Members' cost)
[Le Restaurant - Palace]
*Jacket (tie optional)
[Le Restaurant - Palace]
*Jacket (tie optional)
SATURDAY 17
Daylight
09:00 - 16:00
Guided Networking Activities
Members & Spouses/Partners
- 09:00 - 16:00 | Skiing
(Palace lobby)
Last departure: 11:15 - 9:30 | Hiking - all levels
(Palace lobby)
Independent Activities:
Request information at the Concierge
- Sledding - Preda-Bergün Cycling (Electric Bike)
- Ice Skating - frozen St. Moritz Lake. Ice skates can be rented at the Ludains ice arena next to the lake. Familiarity with ice skating is advisable.
13:00 - 15:00
Farewell Lunch
[Paradiso]
Members & Spouses/Partners
* Those who are not skiing: Departure Lobby at 12:15
Dusk
17:30 - 19:00
Pool Networking
Members & Spouses/Partners
[Main Hall]
* Exclusive to those that are staying at Palace
[Main Hall]
* Exclusive to those that are staying at Palace
20:00 - 23:00
Members Independent Dinner
Join GRI Members’ Table
[Grill Chafadö]
[La Couple - Matsuhisa (Nobu)]
[Pizzeria Heuboden]
[La Couple - Matsuhisa (Nobu)]
[Pizzeria Heuboden]
(GRI-facilitated independent optional dinner with other members. Not part of program, settled by dining participants individually).
SUNDAY 18
08:00 - 14:00
Departures
If available, members of the GRI Chairmen's Retreat will be extended a 15:00 late checkout upon timely prior request.
PROGRAM
THURSDAY 15
08:45 - 10:00
Opening Plenary
[Le Restaurant]10:00 - 10:30
Break
10:30 - 11:30
Breakout discussions
AI - Are you ready? [Embassy]
Logistics - Yield or yield trap? [Roni Pieper I]
Living - Should living still win global allocations? [Roni Pieper II]
Lending - Lend and Prosper - or Lend and Regret? [Madonna]
11:30 - 12:00
Break
12:00 - 13:00
Plenary Reporting & Discussion
[Le Restaurant]13:00 - 14:00
Lunch
14:00 - 15:00
Plenary
[Le Restaurant]Provocateur: David Stubbs, Senior Investment Strategist, AlphaCore15:00 - 15:15
Break
15:15 - 16:15
Breakout discussions
Europe - Can crisis lead to renaissance? [Embassy]
Hotels - CapEx black hole or cash flow multiplier? [Roni Pieper I]
Offices - Yields and risks misaligned? [Roni Pieper II]
Data Centres - Do the numbers make sense? [Madonna]
16:15 - 16:30
Break
16:30 - 17:30
Plenary Report & Discussion
[Le Restaurant]FRIDAY 16
08:30 - 09:30
Keynote
[Embassy]Matt Goodwin, Professor of Political Science
Decine of the West? - Reflections on the crisis facing Western civilisation
09:30 - 09:45
Conference Wrap Up
[Embassy]Arvi Luoma, Chief Investment Officer, Cain
20:00 - 21:00
Gala Dinner
[Le Restaurant]
21:00 - 23:00
Cocktail & Casino
[Le Restaurant]SATURDAY 17
12:30 - 14:00
Farewell Lunch
[Paradiso]
Keynotes
Shaping Capital Flows
Global Investors on Europe’s Outlook Ahead
Matt Goodwin
Professor of Political Science
Matt Goodwin is an internationally renowned scholar and commentator on politics, with 80,000+ readers on the UK’s largest Substack. Former Professor of Politics at the University of Kent and Senior Visiting Fellow at Chatham House, he has advised global leaders on populism, Brexit, and shifting electorates. A best-selling author, including Values, Voice and Virtue: The New British Politics (2023), he blends rigorous research with real-world examples. His work unpacks how populist currents shape policy, discourse, and government agendas across Western democracies.
PROVOCATEURS
Gregory Dewerpe
Founder and Managing Partner
noa
Gregory is the Founder and Managing Partner of noa, Europe's largest build world venture capital firm. He oversees the vision and strategy of the firm and manages partnerships with noa's portfolio companies and LPs.
Gregory is a long-standing, prominent voice in tech and climate, particularly around decarbonisation and the opportunity in the energy transition of the most polluting industry globally: real estate.
Having worked and invested heavily in the real estate sector for more than a decade, Gregory founded noa (formerly known as A/O), on the back of a deep understanding of the industry's shortcomings, ascertained from the specialist real estate investment and advisory firm he founded and developed, AMD Capital.
Previously, Gregory worked in investment banking at Credit Suisse and Citigroup. He holds an MSc in Business & Finance from HEC Lausanne and has attended the London School of Economics and Harvard Business School's executive education program.
Gregory is a long-standing, prominent voice in tech and climate, particularly around decarbonisation and the opportunity in the energy transition of the most polluting industry globally: real estate.
Having worked and invested heavily in the real estate sector for more than a decade, Gregory founded noa (formerly known as A/O), on the back of a deep understanding of the industry's shortcomings, ascertained from the specialist real estate investment and advisory firm he founded and developed, AMD Capital.
Previously, Gregory worked in investment banking at Credit Suisse and Citigroup. He holds an MSc in Business & Finance from HEC Lausanne and has attended the London School of Economics and Harvard Business School's executive education program.
David Stubbs
Chief Investment Strategist
AlphaCore
Dr. David Stubbs serves as the Chief Investment Strategist at AlphaCore Wealth Advisory and is a member of the firm’s leadership team. With a wealth of experience across both public and private sectors, David contributes to AlphaCore’s investment process and delivers macroeconomic and financial market insights to clients.
He joined AlphaCore after a decade at J.P. Morgan and Blackstone, where he led investment strategy teams across both asset and wealth management divisions. Earlier in his career, David served as an economist for the British government, several think tanks, and the United Nations in New York City.
David and his wife live in Del Mar, California.
He joined AlphaCore after a decade at J.P. Morgan and Blackstone, where he led investment strategy teams across both asset and wealth management divisions. Earlier in his career, David served as an economist for the British government, several think tanks, and the United Nations in New York City.
David and his wife live in Del Mar, California.
Agenda
FIRST DAY
Thursday,
15 January 2026
SECOND DAY
Friday,
16 January 2026
AI
Are you ready?
Moderator
Gregory Dewerpe
Founder and Managing Partner
noa
James Kirimy
Founder & CEO
DOORFEED
Gregory Dewerpe
Founder and Managing Partnernoa
United Kingdom
Gregory is the Founder and Managing Partner of noa, Europe's largest build world venture capital firm. He oversees the vision and strategy of the firm and manages partnerships with noa's portfolio companies and LPs. Gregory is a long-standing, prominent voice in tech and climate, particularly around decarbonisation and the opportunity in the energy transition of the most polluting industry globally: real estate. Having worked and invested heavily in the real estate sector for more than a decade, Gregory founded noa (formerly known as A/O), on the back of a deep understanding of the industry's shortcomings, ascertained from the specialist real estate investment and advisory firm he founded and developed, AMD Capital. Previously, Gregory worked in investment banking at Credit Suisse and Citigroup. He holds an MSc in Business & Finance from HEC Lausanne and has attended the London School of Economics and Harvard Business School's executive education program.
James Kirimy
Founder & CEODOORFEED
United Kingdom
James Kirimy is the Founder and CEO of DoorFeed, an AI-platform for institutional real estate investments assets. The platform specialises in Investment & Asset Management across Living asset types (SFR, MFR, B2R, B2S, PBSA), multi strategies (Core, Core+, Value Add).
Lending
Lend and Prosper - or Lend and Regret?
Moderator
Jeff Fastov
Senior MD & Head of Credit Strategies
Affinius Capital
Mauro Savoia
Partner
Three Stars Capital
Jeff Fastov
Senior MD & Head of Credit StrategiesAffinius Capital
USA
Jeffrey F. Fastov, Senior Managing Director and Co-Portfolio Manager- Credit Strategies. Mr. Fastov is responsible for establishing, overseeing and implementing Affinius Capital’s strategic direction with respect to all credit initiatives. Prior to joining Affinius Capital in 2013, Mr. Fastov was Co-head of Credit Suisse’s Real Estate Finance and Securitization Group. Prior to Credit Suisse, he founded Oasis Real Estate Partners, a capital markets advisor to foreign and domestic financial institutions, private equity funds and other significant real estate credit market participants. From 1992 to 2009, Mr. Fastov was with Goldman Sachs, where he ultimately served as Co-head of the commercial real estate lending business.
Mauro Savoia
PartnerThree Stars Capital
Italy
Mr. Savoia has over 20 years of experience in finance and real estate and closed deals for over Euro 8 billion covering capital markets, M&A, real estate and structured debt. He is Chairman and CEO of Three Stars Capital Partners. Mr. Savoia also headed Merrill Lynch Real Estate Finance in Italy. Before then, Mr. Savoia worked at Morgan Stanley, in M&A, Securitization and Real Estate. He also spent 3 years at Dresser Industries in Houston (TX). Mr. Savoia graduated from Università Cattolica Milan and was awarded with Premio Gemelli as “Best Graduate of the 1995 Class”. He also holds an MBA in Finance from HBU in Houston (TX).
Logistics
Yield or yield trap?
Moderator
Michiel Celis
Partner & Co-Head of Europe
TPG
Christopher Garbe
Managing Partner
GARBE
Michiel Celis
Partner & Co-Head of EuropeTPG
United Kingdom
Michiel Celis is a Partner & Co-Head of Europe for TPG Real Estate. He is based in London and oversees TPG’s industrial and datacenter investments across Europe. Mr. Celis is a Belgian national and speaks Dutch and English. He currently serves on the Boards of Directors of Intervest and 4th Industrial. Mr. Celis was also responsible for TPG’s previous investments in Contera, Icon Industrial, Arlington and P3 Logistic Parks.
Christopher Garbe
Managing PartnerGARBE
Germany
Christopher Garbe has a BA in Economics and Business Administration from the University of Hamburg and an MBA in International Management and Marketing gained in Sydney. He worked for the Australian shopping centre developer Westfield as a management executive for several years, before joining Garbe UK in 2006. Christopher Garbe has been a director of the London business since March 2006 and a Managing Director since March 2007. In 2006, he joined the Board of Directors of Garbe Holding AG & Co. KG, where he is responsible for developing the Group’s transactions in the UK and since 2009 also for the Group’s other foreign business. Recently, he has taken on a joint responsibility for the business area Corporate Finance.
Living
Should living still win global allocations?
Moderator
Justin Hamer
Chief Executive Officer
Tribera Group
Lars Meisinger
Chief Executive Officer
Periskop Partners AG
Justin Hamer
Chief Executive OfficerTribera Group
United Kingdom
Justin is an experienced C-Suite executive with a demonstrable track record of developing, delivering and executing on strategic direction; establishing, leading and motivating executive teams to advance employee engagement and develop a high performance culture; driving profitability and overseeing all operations and business activities to ensure results consistent with the overall strategy and mission of the business.
Lars Meisinger
Chief Executive OfficerPeriskop Partners AG
Germany
Lars Meisinger is CEO and Chairman of the Executive Board of DLE Group AG. As CEO of DLE Group AG, Lars is responsible for the strategic direction and overall management of the group, with specific oversight of sales, communications, and human resources departments. Bringing over 25 years of experience in the investment management sector to his role, he has a proven track record of leadership and expertise.
Data Centres
Do the numbers make sense?
Moderator
Christopher Stief
CEO
Data Center Partners
Darius Alamouti
Founder / CEO
Kactus Hub - GCC
Christopher Stief
CEOData Center Partners
Germany
DATA CENTER PARTNERS is a leading operating partner for hyperscale and colocation data centers. The company plans, builds and operates data centers across Europe with a focus on Germany, Austria and Switzerland. The firm manages and develops assets with a current value of 660 Mio. EUR and close to 200 MW in operation or under development. Dr. Christopher Stief is founder & CEO of the firm.
Darius Alamouti
Founder / CEOKactus Hub - GCC
United Kingdom
Darius Alamouti holds a BSc in Economics from the London School of Economics and an MSc in Real Estate Investment and Finance from Henley Business School. He is the Founder of Kactus Hub, a Brazil-based real estate developer backed by Caspian Enterprises, the London family office he directs. Together, they have financed and developed landmark projects such as Smart City Natal, YBY Natureza, and Condomínio Residencial Jardine, delivering thousands of plots and millions of square metres of developed land. Kactus Hub has recently expanded to the Middle East, where it is raising capital for a US$2 billion pipeline of luxury villa developments across Dubai’s premier communities, combining sustainable design and long-term value creation.
Europe
Can crisis lead to renaissance?
Moderator
Audrey Klein
Partner
Spencer House Partners
Lisa Feifer
Global Head of Capital Formation
Cain
Audrey Klein
PartnerSpencer House Partners
United Kingdom
Audrey Klein is a Partner at Spencer House Partners (www.spencerhousepartners.com) running the 3rd-party fundraising business and is based in London. Before SPH she held Head of Fundraising roles at several firms but is best known for starting the European business out of London for the Park Hill Real Estate Group, a Division of Blackstone, which she ran for 9 yrs. Prior to joining Park Hill, she ran her own business for 5 yrs marketing alternative asset funds across all asset classes to European investors comprised of pension funds, banks, family offices. She is a graduate of Northwestern University's Kellogg School of business where she received an MBA, and is also a graduate of Emory University with a degree in Economics. Audrey is on the Corporate Board of Great Ormond Street Hospital and is a Non-Exec Board Member at Thriving, SFO and Planet Smart City. She is a Trustee of ULI's Charitable Trust and is on the board of Verbier 3-D.
Lisa Feifer
Global Head of Capital FormationCain
United Kingdom
Lisa has over 25 years of experience in real estate investing, fund management, investor relations and global capital formation. Most recently Lisa was with Civitas Investment Management, where she was head of investor relations and capital raising. Prior to Civitas, Lisa spent over 13 years and was a partner at Orion Capital Managers, responsible for capital raising and investor relations efforts working with global institutional investors on the firms pan-European funds. Lisa has also held roles at Lehman Brothers and Grove International Partners in London, having gained experience in real estate fund management and investments at AIG and JLL in New York City. Lisa is a trained architect and holds a Master of Real Estate and Construction Management (MRECM) from the University of Denver - Daniels College of Business and a Bachelor of Architecture (B Arch) from McGill University.
Hotels
CapEx black hole or cash flow multiplier?
Moderator
Dimitri Chandogin
Co-founder/ President
NUMA Group
Stefan Zimmermann
Managing Partner
4 Friends Investment
Dimitri Chandogin
Co-founder/ PresidentNUMA Group
Germany
Dimitri Chandogin is a Co-founder of Numa Group, the leading European digital hotel operator and technology developer. The company provides disruptive design hotels and serviced apartments for modern travellers. A trusted partner for investors, owners, and developers, NUMA uses proprietary technology-based operating solutions that largely automate operations and increase cost efficiencies and revenues. NUMA successfully operates over 8,500 units across 34 European A-cities.
Stefan Zimmermann
Managing Partner4 Friends Investment
Germany
Stefan is a founding partner of 4 Friends Investment Group (4FI) and responsible for the general strategy, acquisition and structuring as well as member of the investment committee. 4FI is a privately held investment manager with a focus in the sectors health & lifestyle and real estate combining both platform and corporate investments. Through different subsidiaries 4FI has acquired real estate in continental Europe in excess of 700mn EUR and has invested into five different platforms. Prior to 4FI, Stefan founded ACREST Property Group, Germany’s largest non captive retail asset manager and worked for companies such as TishmanSpeyer or Tenkhoff Properties. He is an active member of ULI and ZIA.
Offices
Yields and risks misaligned?
António Pereira Dias
Partner
Havenstone
Dieter Kräuchi
CEO Empira Investment Foundation
Empira Asset Management
António Pereira Dias
PartnerHavenstone
Portugal
António Pereira Dias is a Partner at Havenstone Capital, a leading European venture capital firm focused on early-stage technology investments. With extensive experience in venture capital and private equity, he specializes in identifying and nurturing high-growth startups across various sectors including fintech, healthtech, and enterprise software. Based in Portugal, António plays a key role in Havenstone's investment strategy and portfolio management, leveraging his deep understanding of European markets and emerging technologies. His expertise spans deal sourcing, due diligence, and post-investment support, helping entrepreneurs scale their businesses internationally. António is recognized for his strategic vision and commitment to supporting innovative companies that drive digital transformation across Europe.
Dieter Kräuchi
CEO Empira Investment FoundationEmpira Asset Management
Switzerland
Dieter Kräuchi is the CEO of Empira Investment Foundation and Head of Client Relationship Switzerland at Empira Asset Management AG. Appointed in September 2021, he brings over 30 years of extensive experience in real estate and asset management. Prior to Empira, he led the real estate division at Baloise Asset Management AG for four years, successfully establishing Baloise Immobilien Management AG as a leading Swiss fund manager. He also served as Head of Asset Management and a member of the management board at Avobis Group from 2010 to 2017. Mr. Kräuchi holds a Master of Science in Real Estate and focuses on developing tailored investment solutions for institutional investors, including innovative offerings such as the "Swiss Mortgages Plus" investment group.
FLOORPLAN
