Berkshire Capital hires Amstar Global Advisors CEO

Jeffrey Rutishauser has been appointed senior managing director of the New York-based private equity real estate group responsible for acquisitions and capital raising.

Berkshire Capital Group has hired the chief executive officer of Amstar Global Advisors Jeffrey Rutishauser as senior managing director of the firm as it looks to expand its capital raising activities, particularly in Europe and Asia.

The New York-based private equity real estate firm reunites Rutishauser with Berkshire executive managing principal Richard Hoch, both of whom used to work at Westbrook Partners.

Rutishauser will help Berkshire expand its “private investor programmes and equity raising initiatives”, the firm said in a statement. Berkshire raises capital from institutional and high-net-worth investors through a series of vehicles targeting net lease, core, value-added and opportunistic deals on the East coast of the US, particularly distressed transactions in the greater New York area, including development projects in need of recapitalisation.

In 2007, Rutishauser helped launched Amstar’s first institutional commingled property vehicle, raising $335 million for joint venture development projects in emerging markets in Asia and Eastern Europe, notably in Russia, Turkey and India. Prior to Amstar Global, he was managing director at AIG Global Real Estate and co-head of the $2 billion build-to-suit joint venture between AIG Global Real Estate and Lincoln Property Company, AIG/Lincoln. Rutishauser worked also at Westbrook Partners and NorthStar Capital Management as an acquisition and investment executive.

Hoch, who worked at Westbrook between 1994 and 2000, said in the statement Rutishauser also would join Berkshire’s investment committee.