Lone Star names new North America head

The Dallas-based private equity firm’s latest appointment marks a notable ascent for an executive that joined as head of investor relations six years ago.

Lone Star has appointed a new president of North America, Nick Beevers, who will be focusing on both acquisitions and dispositions in the region.

Beevers will be one of three regional heads at the Dallas-based private equity firm, along with Mark Newman in Asia and Olivier Brahin in Europe. He will report directly to global president André Collin.

Beevers will replace Sam Loughlin, who is leaving the firm. Before becoming head of North America, Loughlin served as managing director and senior managing director of Lone Star US acquisitions from 2011 to 2013. Before that, he held various roles at Hudson Americas, Lone Star’s asset management affiliate, from 2008 to 2011, including overseeing its retail and restaurant operating companies and leading teams in special originations initiatives.

It is unclear where Loughlin will be going next. Lone Star declined to comment further on the matter.

Beevers joined in 2011 as the firm’s head of investor relations. Most recently, he was executive vice president and chief of staff to Collin. In that role, he assisted Collin in the day-to-day management of the firm, including strategy, investments and operations. He is a member of the firm’s senior management, global risk and global communication committees, and a board member of Lone Star portfolio companies in Europe and North America.

Before joining Lone Star, Beevers worked on mergers and acquisitions during his eight years as an investment banker at JPMorgan in New York and London.

Lone Star invests in real estate, equity, credit and other financial assets. Since the launch of its first fund in 1995, the firm has raised 17 private equity funds with total commitments of more than $70 billion. In the last four years alone, Lone Star has amassed $38 billion in capital, including $5.6 billion for Lone Star X and $5.8 billion for Lone Star Real Estate Fund V, both of which closed last year. The firm currently manages $70 billion in assets across 32 countries and 470 investments.