Capmark Financial’s Asia chief executive Steven Lin has resigned from his post effective immediately, according to a Securities and Exchange Commission regulatory filing.
Lin, who was based in Tokyo, was responsible for all of Capmark’s activities in Asia and was a member of the executive and investment committees, according to the firm’s website. Capmark was unavailable for comment at the time of press.
The San Mateo, California-based commercial real estate services firm manages value-added and opportunistic commingled funds and separate accounts through its investment arm, Capmark Investments. As of the end of last year, the real estate equity group had $1.9 billion in investments under management in the office, apartment, industrial and retail sectors, the website said.
Lin led Capmark’s operations in Asia, where the firm focused on Japan, Taiwan, China and the Philippines, investing in equity real estate, non-performing loans and distressed debt.
Before joining Capmark in 2002, Lin worked for Goldman Sachs’ Real Estate Principal Investment Area, which sponsors the Whitehall Street funds – in Hong Kong and Japan , and also with the bank’s private equity arm focused on real estate, distressed debt and private equity opportunities in Asia.
According to the SEC filing, Capmark accepted Lin’s resignation on September 24. The resignation was effective from September 30.