Board of Directors

Alex Sapir


Alex Sapir is the President and CEO of The Sapir Organization. He is the successor to his late father, Tamir Sapir, founder of The Sapir Organization. During the course of his career, Alex has overseen the entirety of the firm’s growth across more than $7B worth of portfolio assets. His responsibilities have included the acquisition, development, execution, and exit of major ventures across multiple asset classes including commercial office, residential condominium, multi-family, and hospitality.

Among his many successful initiatives, the repositioning in the company’s flagship holding at 11 Madison Avenue stands as a signature achievement. At more than 2.3M square feet and spanning an entire city block, the building was purchased for $675M by Tamir Sapir. Under Alex’s leadership the property, previously occupied predominantly by Credit Suisse, was transformed to include Sony, William Morris Endeavor, and Yelp. Now containing a further diversified and world-class tenant roster culminating with the renewal of Credit Suisse, in 2015 Alex presided over the final sale of the property to SL Green for $2.6B, which would become the largest individual building sale in American history.

In 2014, Alex acquired Sapir Corp Ltd (TASE), a public reporting enterprise focused on ground-up development, new construction and value-add opportunities. He serves as Chairman of the Board and the company currently has more than 1.7M square feet under active development.

He employs an engaged leadership paradigm that involves his participation in all initiatives of the business and the dedicated servicing of numerous partnerships while pursuing a consistent program of innovative design and architecture for all undertaken projects.

Continuing the strong legacy of philanthropy started by his father, Alex supports numerous charitable causes. His involvement and collaborations include the Make-a-Wish Foundation, where he created the Tamir Sapir Basketball Fund, the Western Wall Heritage Foundation, Shaare Zedek Medical Center in Jerusalem, and The American Cancer Society.

Gerard Guez

Board Member & Shareholder

Gerard Guez is an entrepreneur, businessman, and proud father of four, with interests spanning from apparel to real estate and hospitality.

Gerard currently serves as Chairman and founder of Sunrise Brands, which was originally founded as Tarrant Apparel Group in 1988 with the iconic brands Sasson jeans and JAG. Sasson marked the beginning of premium denim in the United States and appeared in much of pop culture in the ’80s including commercials with Elton John, Carol Alt, Nicolette Sheridan, The New York Rangers, and an Andy Warhol rendition of the logo for the first cover of Sportswear International magazine. In 2009, the newly named Sunrise Brands continued as a New York and Los Angeles based apparel company that has leveraged its three decades of fashion-industry experience into one of the most dynamic, diversified apparel companies in America, with emphasis on women’s denim and sportswear. Sunrise Brands’ portfolio today includes American Rag, Diane Gilman, Eva Longoria, People’s Liberation, Seven7Jeans, and Melissa McCarthy Seven7. Sunrise Brands offers world-class private-label manufacturing capacity and countless other garment specialties. Gerard’s partnerships include the best retailers in the country.

For more than 20 years, Gerard has been a partner and board member of the hospitality venture Buddha-Bar. Gerard was an original founder, in partnership with Raymond Visan and Claude Challe, of the Paris location on the ultra-chic Faubourg Saint Honoré. The concept was the first of its kind; an upscale, Buddha-themed restaurant serving Asian cuisine. Buddha-Bar was the first restaurant to become known for its DJ selection and style of avant-garde, lounge music. Buddha-Bar became internationally known for issuing albums of DJ compilations under the George V Records label. Locations have since opened in several other cities including Beirut, Budapest, Dubai, London, Manila, Kiev, Moscow, Milan, Mexico City, Monte Carlo, and Prague. There are currently 25 Buddha-Bar franchises world-wide.

In 2012, Gerard partnered with ASRR Capital and the publicly-traded Israel Company, to purchase the trendy Mondrian Soho out of foreclosure. The new NOMO SOHO hotel, named as an abbreviation for “nostalgic + modern,” represents the intersection of vintage and cutting edge, both associated with the style of its location. The 263-room property and its namesake celebrate the original spirit of the area while blending the culture and fashion of today’s digital age. In 2015, Gerard again partnered with real estate moguls Alex Sapir and Rotem Rosen for the purchase of an office tower in downtown Miami.

Gerard has contributed to countless philanthropic causes, including Go Red for Women, Hasty Pudding Institute, Housewares Charity Foundation, FairGirls, Maimonides School, NAPTE, and the South Nassau Communities Hospital. In 2011, the City of Hope’s Apparel Industries Group paid tribute to Gerard as the 2011 Spirit of Hope Honoree. City of Hope is a world-renowned charity, offering treatment and education in the fight against cancer, diabetes, HIV/AIDS, and other life-threatening diseases, for which Gerard raised over a million dollars.

Gerard continues to invest in new concepts and emerging markets. He is the single largest shareholder of licensing company Sequential Brands Group which recently acquired the licenses for Martha Stewart, Joe’s Jeans, and Revo.

Over the past 30 years, Gerard has been involved in building many recognizable brands that we know today including American Eagle, House of Dereon, Isaac Mizrahi, The Limited, Lane Bryant, ReRock, and Superdry. Gerard’s businesses have global reach with endeavors in four continents, including Africa, American, Asia, and Europe.

Gerard Guez continues to be an apparel industry icon and entrepreneur with a unique vision and ability to bring ideas to life.

Reuven Spiegel


Reuvan has served as a member of the Board of our general partner since July 2014, as a member of the Audit Committee and Conflicts Committee since September 2014 and as a member of the EHS Committee since its inception in October 2016. Mr. Spiegel has served in the financial and real estate industry since 1983. Prior to joining the Board, Mr. Spiegel served as president, chief executive officer, and senior executive vice president of Israel Discount Bank Ltd. from 2001 through 2014. In 2005 and 2006, Mr. Spiegel also served as chairman of the board of Discount Mortgage Bank. The Board believes that Mr. Spiegel’s financial industry experience provides the Board with valuable expertise in the Partnership’s financial and accounting matters.

Stephane Farouze


Stephane Farouze has 25 years of investment experience. Prior to founding 8F Investment Partners, Stephane was Chairman of Alternatives for Deutsche Asset & Wealth Management. Before moving into that role, he was the Global Head of Alternatives and Fund Solutions and Member of the DeAWM Executive Committee. Stephane spent three years as a member of the Management Executive Committee for both Deutsche Asset Management and the Private Bank. As Head of Alternatives and Fund Solutions, Stephane’s team managed more than 200 professionals globally and was directly responsible for a total of US$50 billion of assets in Private Equity, Hedge Funds, and Retirement Solutions.

Prior to that, Stephane served as the Global Head of Deutsche Bank’s Fund Derivatives and Hybrids Group within the Corporate Bank & Securities division, during which time the team was awarded the Risk Magazine award for ‘Hedge Fund Derivatives House of the Year’ 6 times in a row, the HFM award for ‘Best Overall Investment Platform’ and ‘Best Managed Account Platform’ twice, as well as various UCITS Platform and Product awards. In addition, Stephane was Awarded ‘Best Active Manager’ by Risk Magazine in 2002.

Before joining Deutsche Bank, Stephane was a Partner at Paradigm Global Advisors. He was also the Global Head of Sales and Structuring at Societe Generale Asset Management. Stephane has also worked at other financial institutions such as BNP, Commerzbank, Smith Barney, and Paine Webber. Until 2009, Stephane was also a Director of Tarrant Apparel Group, a company listed on the Nasdaq since 2003.

Stephane holds a Bachelor of Science in Applied Arts and Sciences and a Business Administration Degree in Finance from San Diego State University.

Alon Carmeli


Alon is a seasoned executive, with over 30 years of experience in leading several global, fast growing, High Tech companies.Carmeli was named one of Israel’s 50 best CEOs for his position in “Babylon” which he took public in the TASE in 2007. He later on founded the Online CBD Brand “Canzon” which he took public in the TASE in 2019. Carmeli holds an Executive MBA from the Tel Aviv University where he graduated with honors.

Orly Silberman

External Director

After completing her internship at PwC (Israel), Mrs. Silberman has worked as a certified accountant for two decades. Orly gained vast experience in financial management and project management of large-scale projects, implementing company strategic plans and policies.

In the last decade, Mrs. Silberman has been serving as an External Director in several Israeli publicly traded companies.

Joseph Tenne

External Director

Joseph Tenne has served as an external director in our company since May 2019. Mr. Tenne serves as a financial consultant to Itamar Medical Ltd., an Israeli company listed on Nasdaq and the Tel Aviv Stock Exchange. Mr. Tenne serves as a director of the following companies also: (1) AudioCodes Ltd., an Israeli company listed on Nasdaq and the Tel Aviv Stock Exchange, (2) MIND CTI Ltd., an Israeli company listed on Nasdaq, OPC (3) Energy Ltd., an Israeli company listed on the Tel Aviv Stock Exchange, and (4) Ratio Oil Explorations (Finance) Ltd., an Israeli company listed on the Tel Aviv Stock Exchange.

From August 2014 to April 2017, Mr. Tenne served as the Vice President of Finance and Chief Financial Officer of Itamar Medical Ltd. From March 2005 until April 2013, Mr. Tenne served as the Chief Financial Officer of Ormat Technologies, Inc., a company listed on the New York Stock Exchange and on the Tel Aviv Stock Exchange. From January 2006 until April 2013, Mr. Tenne also served as the Chief Financial Officer of Ormat Industries Ltd., an Israeli holding company which was listed on the Tel-Aviv Stock Exchange and was the parent company of Ormat Technologies, Inc. From 2003 to 2005, Mr. Tenne was the Chief Financial Officer of Treofan Germany GmbH & Co. KG, a German company, which is engaged in the development, production, and marketing of oriented polypropylene films. From 1997 until 2003, Mr. Tenne was a partner in PwC Israel. Mr. Tenne holds a B.A. in Accounting and Economics and an M.B.A. from Tel Aviv University. Mr. Tenne is also a Certified Public Accountant in Israel.

Management Team

Sharon Raz

Chief Executive Officer

Hay Mahluf

Chief Financial Officer

Sharon is an experienced executive in the U.S. Real Estate and Financial arenas. In her last position, she served as the Chief Financial Officer for a leading New York-based Real Estate Development Company with 2 billion dollars in assets. Her prior experience includes a variety of banking positions, mostly in the areas of corporate finance and debt restructuring – both in Israel and in New York. During her time in IDBNY she oversaw the Uruguayan subsidiary’s operations and led its successful sale to the Canadian Scotia Bank. She holds a degree in Business Administration and Finance and a Law degree with an LLM in Banking and Finance. Mrs. Raz, has been admitted to practice law both in New York and in Israel.

A CPA in Israel since 2012. Until 2016 Hay worked as an audit manager in the Israeli affiliate of Deloitte Touche Tohmatsu Limited.

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