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Farallon Capital Management is a global investment firm that manages public and private assets for a diverse set of clients, including institutions, high-net-worth individuals, and family offices. It uses bottom-up fundamental analysis to pick investments and then applies ideas across global markets, aiming for solid, risk-conscious returns. The firm earns management fees and performance incentives, tying its compensation to client results, and emphasizes collaboration and aligned incentives. Its goal is to deliver superior risk-adjusted returns for clients over time through disciplined research and adaptable strategies.
Industries
Quantitative Finance
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
$11.2B
Headquarters
San Francisco, California
Founded
1986
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A Ballston office tower just proved DC's office recovery isn't just a leasing story anymore. FarmView Ventures and GreenBarn bought a distressed Arlington building for $27.6 million in 2024. They just sold it to a public REIT for $52.7 million, and it's the same sponsor group behind this week's O'Melveny renewal at 1625 Eye Street. By Sabastian Niles / Published: Sep 15 2026, 3:26 PM EDT A 189,000-square-foot office tower at 4075 Wilson Boulevard in Ballston, Virginia, just sold for $52.7 million, roughly double the $27.6 million its current owners paid for it two years ago. Piedmont Realty Trust, the Atlanta-based REIT, disclosed the all-cash purchase in a Monday SEC filing, and the deal closed the previous Thursday. That's a striking number on its own. It's an even more useful one when you notice the sellers are the same investment group behind another major D.C.-area office story from this same week. The full arc, from 2019 to now. The building's ownership history traces the entire cycle. It sold in 2019 at a price steep enough that a joint venture between FarmView Ventures, GreenBarn Investment Group and Rithm Capital was able to acquire it in 2024 for just $27.6 million all cash, less than 30% of that 2019 sale price. At the time of that 2024 purchase, the building was only 52% leased. Over the following two years, the ownership group invested $6 million in capital improvements, filled the ground-floor retail space, completed a second-floor amenity center, refreshed both the sky lobby and main lobby, changed parking operations, and signed 10 new leases. By the time Piedmont's purchase closed, occupancy had climbed to 83%. FarmView founder John Wolf said in a LinkedIn post that the group hadn't planned to sell "this early" but that its business plan was "nearly complete." He described the sale in notable terms: the first "round trip" institutional office sale in the region since the pandemic-era market reset, meaning the first instance of a distressed-basis buyer fully executing a turnaround and cashing out at a realized, market-tested profit rather than simply holding and leasing up. That's Wolf's own characterization, not something independently verified against every comparable transaction in the region, but it's a meaningful claim regardless: this deal produces an actual, dollar-denominated data point for what a successful DC-area office turnaround is worth today, not just a leasing percentage. The same sponsor, twice in one week. This isn't the first time this specific group has shown up in the D.C. office recovery story recently. FarmView Ventures and GreenBarn, working with capital partner Farallon Capital, are also the ownership group behind 1625 Eye Street NW downtown, where law firm O'Melveny & Myers just signed a 15-year, roughly 100,000-square-foot renewal as the building undergoes its own major repositioning. That building followed a similar arc: Westbrook Partners' original $300 million basis collapsed into a $60.5 million foreclosure credit bid in 2025, after which GreenBarn and its partners reset the property and began attracting long-term anchor tenants. Two data points from the same sponsor, in the same week, both built on buying distressed D.C.-area office debt at a steep discount and successfully repositioning the asset, is a stronger signal than either deal alone. It suggests a specific, repeatable strategy that's actually working across multiple properties, not a single lucky outcome. What Piedmont says it's actually buying. Piedmont's own SEC filing lays out its thesis plainly: the building sits a five-minute walk from the Ballston Metro station, surrounded by food and retail options, in a submarket the filing describes as continuing to serve as "a hub for defense and cybersecurity tenants," located two blocks from both the Defense Advanced Research Projects Agency and the Office of Naval Research. The building's actual tenant roster backs that framing up. Office tenants include defense contractor Systems Planning & Analysis, software firm Nalej Corp, and cybersecurity company KnowBe4; ground-floor retail includes Sweetgreen, Van Leeuwen Ice Cream, Grazie Nonna and Pinnacle Bank. Piedmont isn't a first-time entrant betting blind on the market, either. It already owns six office buildings totaling 1.6 million square feet across Northern Virginia and D.C., representing 10.3% of the REIT's annualized lease revenue, though that existing regional portfolio is running at a more modest 74.6% leased and 63.2% economically leased, a reminder that Piedmont's own broader D.C.-area holdings haven't fully caught up to this single asset's recovery. The submarket context this deal sits inside. None of this happened because Ballston or Northern Virginia broadly has recovered. CBRE's second-quarter data puts Ballston's 7.3-million-square-foot office market at 20.7% vacant, with the full Northern Virginia region sitting at 21.3% vacant, both still elevated by any historical standard. That's the same backdrop against which Northern Virginia's federal-workforce-driven office distress has played out more broadly, tied to a regional federal employment count now at its lowest level in roughly 30 years. This sale isn't evidence that backdrop has reversed. It's evidence that a specific asset, with the right location, tenant demand profile, and active, well-capitalized ownership willing to fund real capital improvements, can outperform that backdrop sharply, doubling in value while the submarket around it remains one-fifth vacant. What's confirmed and what's characterization. The sale price, the 2024 purchase price, the leasing percentages, and the capital improvement figure all come directly from Piedmont's SEC filing and the sellers' own press release, giving this a solid documentary basis. John Wolf's framing of the deal as the first post-reset "round trip" institutional sale in the region is his characterization of the transaction's significance, not an independently audited superlative, and it's presented here as such. What to watch next. The more interesting question now is whether FarmView, GreenBarn and their capital partners treat this Ballston exit as a template to repeat elsewhere in their D.C.-area holdings, now that they have a realized, doubled sale price to point to rather than just leasing momentum. It's also worth watching whether Piedmont's bet on Ballston's defense and cybersecurity tenant base pushes its own broader regional portfolio's occupancy closer to this single asset's 83%, or whether this building turns out to be an outlier even within Piedmont's own Northern Virginia holdings. Join the Discussion EDITOR'S PICKS
Encoded Therapeutics has closed a $275 million Series F financing round co-led by GV and another healthcare fund. The clinical-stage biotechnology company develops precision genetic medicines for severe neurological disorders. The proceeds will fund a pivotal study of ETX101 in infants and young children with SCN1A+ Dravet syndrome, plus an expansion study for children and adolescents up to 18 years. The funding will also support commercial-scale GMP manufacturing and pipeline advancement, including ETX301 towards a 2027 Investigational New Drug submission for post-amputation neuroma pain. Participating investors include ARCH Venture Partners, Braidwell LP, Farallon Capital Management, Illumina Ventures, Invus, Janus Henderson Investors, Matrix Capital Management, Nolan Capital, RTW Investments, SoftBank Vision Fund 2, and Venrock.
HiBob secures investment to fuel AI-powered enterprise built on trusted workforce context. Salesforce leads the investment, reinforcing HiBob's vision that the future of work will be powered by Organizational Intelligence. September 01, 2026 10:15 ET | Source: HiBob NEW YORK and LONDON, Sept. 01, 2026 (GLOBE NEWSWIRE) - HiBob, the company behind the people management platform Bob, today announced an investment led by Salesforce with additional participation from Farallon. This marks a key milestone in HiBob's evolution from a modern HR platform into an organizational intelligence layer for modern businesses. The investment reflects a shared belief that trusted workforce data and organizational context will become critical infrastructure for the AI-powered enterprise. As AI agents and agentic workflows become embedded across the business, companies will need a trusted understanding of their people, roles, skills, teams, permissions, incentives, managers, and organizational structure. AI can surface insights, automate tasks, and accelerate decisions but leaders can only act with confidence when those recommendations are grounded in the real context of how their organization works. "We founded HiBob with a simple conviction: The world of work has transformed, and will continue to transform at a rapid pace," said Ronni Zehavi, CEO and co-founder of HiBob. "Salesforce's investment validates our belief that AI is not only changing technology, it is changing the architecture of organizations. As people and AI agents increasingly work side by side, trusted workforce context will become fundamental to how companies redesign work, empower managers, and make better decisions." AI is changing the organization, not just the technology As AI takes on more work, companies are rethinking roles, skills, team structures, management systems, and accountability. The biggest challenge is not simply deploying AI tools, but redesigning how people, teams, and AI agents work together. "The biggest mistake companies can make is to think AI is primarily a technology story," said Zehavi. "It is an organizational and managerial revolution. The winners will not simply have the best AI model. They will build the best organizations for the AI era." HiBob's long-term vision is to provide the organizational intelligence companies need to manage this hybrid workforce, helping organizations understand capabilities, identify skill gaps, plan their workforce, support managers, and create clearer accountability as people and AI agents work side by side. Trusted organizational context is the foundation for enterprise AI As AI models become more widely available, enterprise advantage will come from the proprietary context that makes AI accurate, relevant, safe, and actionable. HiBob's platform brings together trusted data about people, teams, reporting structures, skills, goals, compensation, managers, performance, and workforce plans. These elements are the organizational context leaders need to make meaningful decisions. AI without a trusted organizational context is generic. AI grounded in trusted people and business context can help leaders understand not only what is happening, but why it is happening, who is best positioned to act, and what should happen next. "HiBob has built an impressive global people platform serving more than 5,500 customers, with a deep understanding of how organizations operate," said Joe Teplow, Chief Strategy Officer at Slack and SVP at Salesforce Labs at Salesforce. "This trusted foundation of workforce context makes AI more useful, relevant, and connected to how businesses actually operate." An open, headless approach to organizational intelligence HiBob is building an open platform that brings trusted workforce context into the systems where work happens across collaboration, CRM, finance, and operations. In an AI-powered enterprise, organizational intelligence cannot reside solely within an HR application. It needs to be available through agents, workflows, and increasingly headless experiences in the flow of work. The investment also builds on the growing integration between Slack and HiBob, bringing a more conversational, employee-centric experience to Bob and helping workforce context reach employees and managers where decisions move forward. By connecting people, data, roles, skills, teams, permissions, and structure within these environments, HiBob can help organizations work faster, be more accountable, and be more aligned with how their business actually operates. "AI is most effective when it understands the people, roles, and structures that shape an organization," said Ryan Gavin, CMO of Slack. "Trusted workforce context provides that foundation, making AI more relevant to the teams using it. Our work with HiBob brings that context into Slack, where people collaborate and make decisions every day." As AI increases organizational capability, HiBob believes the human side of performance becomes more important, not less. AI agents will provide speed, scale, and execution. People will provide judgment, creativity, empathy, and accountability. In the AI era, putting people first is how companies put business first. About HiBob HiBob is the people platform for the modern world of work. Its award-winning solution, Bob, connects HR, payroll, and finance in a single solution, providing organizations with a trusted foundation for managing their people and operations. Building on this foundation of verified workforce data, HiBob delivers organizational intelligence directly into the systems where work happens, serving as critical infrastructure for the AI-powered enterprise that bridges the gap between people and agents. Engineered for modern organizational dynamics, HiBob empowers leaders to gain deep visibility into their people and capabilities, identify skill gaps, strategize workforce planning, and foster clear accountability. Today, thousands of mid-sized and enterprise organizations across more than 170 countries rely on HiBob to build more agile, high-performing cultures. Press Inquiries
Salesforce is leading a $160 million funding round for HiBob, a human resources software company, valuing the startup at more than $3.2 billion. The enterprise software giant is providing the majority of the investment, with participation from Farallon Capital Management. The deal marks a significant backing for HiBob, which develops HR management software. Salesforce's investment aligns with growing corporate demand for digital workforce management tools. Representatives for Salesforce declined to comment on specific financial terms of the transaction.
HiBob secures investment to fuel AI-powered enterprise built on trusted workforce context. Table of contents Salesforce leads the investment, reinforcing HiBob's vision that the future of work will be powered by Organizational Intelligence NEW YORK, NY and LONDON, UK - September 1, 2026: HiBob, the company behind the people management platform Bob, today announced an investment led by Salesforce with additional participation from Farallon. This marks a key milestone in HiBob's evolution from a modern HR platform into an organizational intelligence layer for modern businesses. The investment reflects a shared belief that trusted workforce data and organizational context will become critical infrastructure for the AI-powered enterprise. As AI agents and agentic workflows become embedded across the business, companies will need a trusted understanding of their people, roles, skills, teams, permissions, incentives, managers, and organizational structure. AI can surface insights, automate tasks, and accelerate decisions but leaders can only act with confidence when those recommendations are grounded in the real context of how their organization works. "We founded HiBob with a simple conviction: The world of work has transformed, and will continue to transform at a rapid pace," said Ronni Zehavi, CEO and co-founder of HiBob. "Salesforce's investment validates our belief that AI is not only changing technology, it is changing the architecture of organizations. As people and AI agents increasingly work side by side, trusted workforce context will become fundamental to how companies redesign work, empower managers, and make better decisions." AI is changing the organization, not just the technology. As AI takes on more work, companies are rethinking roles, skills, team structures, management systems, and accountability. The biggest challenge is not simply deploying AI tools, but redesigning how people, teams, and AI agents work together. "The biggest mistake companies can make is to think AI is primarily a technology story," said Zehavi. "It is an organizational and managerial revolution. The winners will not simply have the best AI model. They will build the best organizations for the AI era." HiBob's long-term vision is to provide the organizational intelligence companies need to manage this hybrid workforce, helping organizations understand capabilities, identify skill gaps, plan their workforce, support managers, and create clearer accountability as people and AI agents work side by side. Trusted organizational context is the foundation for enterprise AI. As AI models become more widely available, enterprise advantage will come from the proprietary context that makes AI accurate, relevant, safe, and actionable. HiBob's platform brings together trusted data about people, teams, reporting structures, skills, goals, compensation, managers, performance, and workforce plans. These elements are the organizational context leaders need to make meaningful decisions. AI without a trusted organizational context is generic. AI grounded in trusted people and business context can help leaders understand not only what is happening, but why it is happening, who is best positioned to act, and what should happen next. "HiBob has built an impressive global people platform serving more than 5,500 customers, with a deep understanding of how organizations operate," said Joe Teplow, Chief Strategy Officer at Slack and SVP at Salesforce Labs at Salesforce. "This trusted foundation of workforce context makes AI more useful, relevant, and connected to how businesses actually operate." An open, headless approach to organizational intelligence. HiBob is building an open platform that brings trusted workforce context into the systems where work happens across collaboration, CRM, finance, and operations. In an AI-powered enterprise, organizational intelligence cannot reside solely within an HR application. It needs to be available through agents, workflows, and increasingly headless experiences in the flow of work. The investment also builds on the growing integration between Slack and HiBob, bringing a more conversational, employee-centric experience to Bob and helping workforce context reach employees and managers where decisions move forward. By connecting people, data, roles, skills, teams, permissions, and structure within these environments, HiBob can help organizations work faster, be more accountable, and be more aligned with how their business actually operates. "AI is most effective when it understands the people, roles, and structures that shape an organization," said Ryan Gavin, CMO of Slack. "Trusted workforce context provides that foundation, making AI more relevant to the teams using it. Our work with HiBob brings that context into Slack, where people collaborate and make decisions every day." As AI increases organizational capability, HiBob believes the human side of performance becomes more important, not less. AI agents will provide speed, scale, and execution. People will provide judgment, creativity, empathy, and accountability. In the AI era, putting people first is how companies put business first. About HiBob. HiBob is the people platform for the modern world of work. Its award-winning solution, Bob, connects HR, payroll, and finance in a single solution, providing organizations with a trusted foundation for managing their people and operations. Building on this foundation of verified workforce data, HiBob delivers organizational intelligence directly into the systems where work happens, serving as critical infrastructure for the AI-powered enterprise that bridges the gap between people and agents. Engineered for modern organizational dynamics, HiBob empowers leaders to gain deep visibility into their people and capabilities, identify skill gaps, strategize workforce planning, and foster clear accountability. Today, thousands of mid-sized and enterprise organizations across more than 170 countries rely on HiBob to build more agile, high-performing cultures.
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Industries
Quantitative Finance
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
$11.2B
Headquarters
San Francisco, California
Founded
1986
Find jobs on Simplify and start your career today