Profimex, which initiated the text of the letter against the background of the growing trend on the part of academic institutions and financial institutions around the world that have harshly criticized Israel, sought to strengthen Israel's status and ensure that the funds of the foundations it manages totaling hundreds of millions of dollars will be in the hands of entities that support Israel.
Profimex, which has been active in real estate investments abroad for three decades, has harnessed its business ties with a number of senior executives of some of the world's largest real estate funds, representing investments made totaling more than $100 billion, and circulated a letter in which the CEOs and presidents of the foundations declared their full support for Israel's struggle to protect its security and strengthen civilian resilience.
The letter received overwhelming support from senior members of the companies, who completely sided with Israel and declared recognition of Israel's full right to protect its security, its citizens and its borders.
Supporters include Ross Appel, co-founder of The Praedium Group, Benjamin Adams, CEO of Ten Capital, Peter Meyergen, CEO of Taurus, David Castilla, President of GenCap, Juan Willos, founder of 20JV, David Parisier, CEO of Paredim, Stephen Cavaso, CEO of Pearlmark, David Sungi, Chairman and CEO of Songy Highroads, Arthur Fry, CEO of Spaulding&Syle, Jeremy Salzberg, Partner at SHC, Bick Bopatany, partner at Greenridge, Max Sharkansky, co-founder of Trion, and others.
The initiative comes against the backdrop of a growing trend from academic institutions abroad and financial institutions around the world that have harshly criticized Israel's actions, with some even expressing support for the atrocities committed by the terrorist organization. Profimex noted that the loyalty of business partners is measured especially during these times and is intended to ensure that business cooperation rests first of all on trusting relationships and shared values, which ensure that the funds managed by Profimex are only with entities that are true friends of Israel.
The letter noted that "Israel is in its darkest days and at a challenging and dangerous point for its future. Especially now, full and unconditional support is needed in the struggle for its security."
The statement, which also describes the horrific massacre of the residents of the Gaza envelope, concluded with the message that it is necessary to fight false information about Israel and a promise by Profimex's partners to continue unequivocally supporting Israel's just struggle.
Assaf Rosenheim, Director of Profimex: "This is a precedent-setting statement by senior real estate entities around the world that proves the strength of Israel and Profimex, as an Israeli company, in the global financial arena. We decided to make our network available for global advocacy efforts and to enlist the world's top real estate investment managers, some of whom have been Profimex's partners for decades, to share their support for Israel publicly, especially during one of the worst security crises in Israel's history.
Today, more than ever, it is important for the investing public in Israel to know whether those who receive an economic mandate from it and manage their money are also standing by Israel in its difficult hours. We will win on the battlefield, but we must not abandon the economic arena along the way. This is Order 8 for all investors to examine who manages their money and whether they are true friends of Israel."
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