Jeffrey Kaplan, a managing principal and co-chairman of the investment committee at New York-based global private equity real estate firm Westbrook Partners, has left the group.
Kaplan, who joined Westbrook at its inception in 1994 from Morgan Stanley, left at the beginning of February, according to those familiar with the situation.
It is thought he has established a firm called Meadow Partners, which according to its website has offices in New York and London.
According to sources, he has been joined by former Westbrook duo, Andrew McDaniel and Timothy Yantz, who started Atlantic Property Partners in 2007. Yantz was a director in the San Francisco office of Westbrook, expanding the firm’s investment activity on the West Coast, while McDaniel was a director in Westbrook’s London office. At Atlantic Property Partners McDaniel remained in London to head up the firm’s European activities and will continue to do the same at Meadow Partners.