FI  The Koffler Group

     Office Locations:

10 Memorial Blvd. Suite 901
Providence, RI 02903
Phone: 401-273-8600
Fax: 401-273-9648



  • Middle Market



  • Real Estate & Construction



    The Koffler Group is a full service real estate owner/developer/manager based in Providence, Rhode Island. The Group began its operation in 1978, having been capitalized with proceeds resulting from founder Sol Koffler's sale of American Tourister Luggage Company to Hillenbrand Industries. Sol Koffler's granddaughter Terri Chernick, the Koffler Group's chief investment officer. The Group has been an active player in New England's real estate market through continued direct investments and/or in conjunction with public and private equity venture partners. The Koffler Group intends to significantly increase the size of its real estate portfolio in the coming years. The Group's diversified portfolio is located regionally throughout New England and includes retail, office/R&D, industrial, and residential properties. The Group is vertically integrated and provides engineering, construction, and property management services for the assets in its portfolio. In addition to its wholly-owned portfolio, in 2001 The Group established KGI Properties to acquire, develop and manage retail and mixed-use real estate across the Northeastern United States. Since its inception, KGI has successfully completed the development of approximately 2.2 MM square feet of property at an aggregate cost in excess of $350 MM, and presently has another 2.0 MM square feet in its pipeline. Hedge funds make up about 30% to 40% of Koffler's investment portfolio. Chernick targets hedge funds that have $400 million to $600 million under management. Most are established funds, but in 2008 Chernick began seeding startup hedge funds that have exceptional managers. Chernick invests in and manages the global portfolios of 30 hedge fund managers.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Anthony J. DeLuca COO
    Francis X. Dougherty Director of Development
    Kimberly A. Simmons CFO
    Richard J. Bornstein President and Chief Executive Officer
    Scott Chernick Principal


    Portfolio companies include:


    Recent News: