Forum Partners, the global private equity real estate firm which announced the takeover of Cushman & Wakfield Global Investors earlier this month, has appointed Evelyne Dubé as head of capital markets and group business development.
The fast-growing company, which has around $20 billion of real estate assets under management – counting also those of its new French minority owner – La Francais, said Dubé would work out of its London office.
The high profile appointment sees Forum add someone with 18 years’ industry experience, it said. In her new role, she will be in charge of global business development management plus be responsible for capital markets and product development across Europe.
Most recently, she served as principal and head of real estate investor relations at Apollo Global Management for almost three years from 2010. Prior to that, she held senior capital raising, investor relations and fund development positions at Citi Property Investors, Triton Advisors and AEW Europe / Curzon Global Partners. Before this she was a manager in the corporate finance group of KPMG Corporate Finance.
Russell Platt, chief executive officer at Forum Partners, said in a statement: “Evelyne joins at a time of exciting expansion for Forum. This month we announced the acquisition of Cushman & Wakefield Investors through our joint venture with (French asset manager) La Française, and we are looking to grow our private equity real estate business further. Evelyne will have a key role in Forum’s global expansion by supporting our business development efforts worldwide.”
Forum’s latest corporate development was revealed on 3 February when it announced the off-market takeover of Cushman & Wakefield Investors that sees a team of 8 investment professionals operating out of offices in London, Frankfurt and Paris transfer to La Française Forum Real Estate Partners – the platform created off the back of La Française and Forum's strategic joint venture announced in September last year.La Française is acquiring a 66.6 percent stake in the company while Forum is acquiring a 33.3 percent stake.
That was the first deal since La Française and Forum announced a corporate partnership last year involving the French group owning a 24.9 percent stake in Forum and agreeing to commit more than $600 million of capital across certain strategies, including a European debt vehicle.
Cushman & Wakefield manages €1.1 billion via direct property in separate accounts on a discretionary and advisory capacity. Among institutional clients such as corporate pension funds, government and local authority plans, charities and family officers, is Korea's Samsung SRA Asset Management which made its first overseas investment via CWI in April 2013 when it acquired the 192,000 square foot 30 Crown Place office block in London.