The Carlyle Group has promoted three US real estate executives to managing director, taking the total number of senior professionals in the firm’s global property group to 21.
The Washington DC-based firm elevated Andrew Chung, Barbara Murphy and Edward Samek to managing directors alongside 12 other private equity, legal and accounting veterans. A further 20 executives were promoted to principal/director positions, including four real estate professionals based in Europe and Asia.
Chung, Murphy and Samek are based in New York, Washington DC and Los Angeles, respectively. Chung and Samek both joined Carlyle in 2000, with Samek previously working as an investment professional at McLean, Virginia-based JER Partners. Murphy formerly was vice president of finance and accounting at residential and commercial developer, Lincoln Property.
The firm also promoted seven private equity buyout professionals to managing director, including three focused on the US and South America, two in Asia, one in Europe and one on global financial services.
Brian Bernasek, who concentrates on automotive, transportation and logistics private equity deals in the US; US industrial buyouts executive Andrew Marino; and Sao Paulo-based veteran Juan Carlos Felix were promoted to managing director. Hiroshi Kawahara, who primarily targets technology deals in Japan; Hong Kong-based Eric Zhang; Dennis Schulze, who predominantly focuses on European industrial and automotive deals; and New York-based global financial services executive John Redett also were promoted to managing director. The promotions take the total number of managing directors in the firm’s global buyout group to 64.
Another eight private equity executives were promoted to principal/director, including two targeting US deals, three focused on Asia opportunities and three in global credit alternatives.
Last month, Carlyle sold the largest property in a six-asset London office portfolio less than six months after acquiring it. The firm sold a 420,000-square-foot office at 60 Victoria Embankment to JP Morgan for an undisclosed sum from its third global real estate opportunity fund, Carlyle European Real Estate Partners III, which closed on €2.2 billion of equity in June 2008. The office was the largest property of the embattled White Tower Portfolio, a group of London assets originally acquired by entrepreneur Simon Halabi and refinanced via a CMBS structured by Societe Generale.