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EXCLUSIVE: Lone Star makes ex-Lehman boss head of Asia

Mark Newman, former global co-head and chief investment officer of Lehman Brothers Real Estate Private Equity, is joining Lone Star to head up real estate investing in Asia.

Lone Star Funds has appointed Mark Newman as the head of its real estate investment activities in the Asia Pacific region, PERE can reveal.

The Dallas-based firm, which is currently investing its $7.2 billion Lone Star Fund IX, has hired the former global co-head and chief investment officer of Lehman Brothers Real Estate Private Equity to run its operations based in Tokyo, Japan, according to sources.

Lone Star, which held a final close for global fund, Lone Star Fund IX, in July 2014, is targeting Japan as well as the US and Western Europe as part of its strategy, so the appointment of Newman lends weight to the operation in Asia. Currently, Takehisa Takamatsu, is listed as Lone Star Fund president in Japan, having joined the firm in 1999 and he has been responsible for directing origination activities. It is not yet known how he will work with Newman.

Lone Star Funds does not typically comment on hires or departures, even when André Collin became president of global operations at the start of the year. John Grayken remains chairman, Sam Loughlin is president, Americas, and Olivier Brahin is president, Europe.

Newman is one of the best-known figures in European private equity real estate. Having co-run Lehman Brothers’ business, he set up London-based Broadcliff Capital Partners which spun out of the defunct bank in the aftermath of the financial crisis. Prior to joining Lehman Brothers in 2000 he was at Fortress Investment Group between 1998 and 2000 where he was responsible for Europe.