TPG hires Weaver

Private equity firm TPG Capital shows a further sign of its intent to build out a dedicated real estate platform with the hire of Morgan Stanley’s global head of private capital markets.

Robert Weaver, a 20-year stalwart of Morgan Stanley, is leaving the bank to join TPG Capital, the buy-out giant that is building a real estate investment business.

Weaver will be based in the Fort Worth, Texas-based private equity firm’s New York office from December, according to PERE sources.

His decision to leave Morgan Stanley brings the curtain down on a career at the Wall Street bank that has spanned two decades. In his most recent role he was responsible for the global coordination of Morgan Stanley’s private capital markets group, including the coverage of global institutional capital sources for all real estate investment banking services.

The early part of his career was spent in the firm’s investment banking department principally focused on mergers and acquisitions, corporate restructurings, and public financings.

Weaver is the latest addition to TPG’s real estate team. In May, Adam Metz, the former chief executive of General Growth Properties (GGP), joined the company as a senior advisor. Metz, who had been a director of GGP since November 2005, became chief executive of the Chicago-based shopping mall REIT in October 2008.

In January the firm also brought aboard former Westbrook Partners managing principal, Avi Banyasz.

It is not known what role Weaver will take at the company as neither he nor TPG would comment.

News of his appointment comes in the same week TPG held its annual investor conference.