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Resilience Capital Partners appoints real estate fund boss

Cleveland based private equity firm Resilience Capital Partners has appointed Stanley Shashoua as managing partner of its real estate fund.

Resilience Capital Partners has appointed former HRO Asset Management partner Stanley Shashoua to lead its real estate fund. He will be charged with “identifying real estate opportunities that generate superior risk-adjusted returns while ensuring capital preservation”.

In a statement released by the firm, which has purchased 17 companies across varying sectors with a total revenue of $1.7 billion since its inception in 2001, Resilience said it would consider buying assets including offices, retail properties, hotels, residential and industrial units as well as distressed assets and land.

While at HRO Asset Management, Shashoua acquired and managed more than $1 billion of properties comprising more than 3 million square feet on behalf of institutional clients. He also previously worked at Kleinwort Wasserstein where he worked on transactions including private equity, mergers and acquisitions, debt financings and restructurings across industries such as media, business and consumer services, industrial, food and retail.