John Koskinen has resigned from American Capital’s board of directors after he was confirmed by the U.S. Senate as the new commissioner of the Internal Revenue Service. Koskinen joined American Capital’s board in 2007 and has been a member of the board’s audit committee. From 2008 to 2012, he worked as the non-executive chairman of Freddie Mac and also was Freddie’s interim chief executive in 2009.
APG Asset Management, the New York-based investment group of the huge Dutch pension administrator, has rounded out its senior investment team with the recent hire of Michael Dymond as a senior portfolio manager, according to a spokesperson. Dymond was formerly a senior investment manager of private markets at the Universities Superannuation Scheme. APG started building an in-house private equity group after it decided, along with fellow Dutch pension administrator PGGM, to sell its stake in fund of funds AlpInvest Partners to The Carlyle Group in 2011.
Ares Management has named John Jardine as senior partner in the firm’s real estate group, where he will be responsible for loan production for Ares Commercial Real Estate Corporation and the real estate group’s other lending activities. Jardine spent 22 years at TIAA-CREF, where he negotiated and closed numerous multi-million dollar transactions and was the portfolio manager of a multi-billion dollar position in commercial real estate.
The Blackstone Group has hired Amit Duxit and Mathew Cyriac to jointly lead its private equity business in India. Both are replacing Akhil Gupta, who will become non-executive chairman of Blackstone India.
Brookwood Financial Partners, a real estate investment and asset management company, has hired Jonathan Dayton as a vice president and property manager with its subsidiary Brookwood Management Partners. Dayton will oversee operations and maintenance of properties in Massachusetts and Rhode Island, which total more than 2 million square feet. Prior to Brookwood, Dayton was director of operations for EDENS, a national retail real estate development firm.
The Carlyle Group has hired Julius Genachowski as a managing director and partner on the U.S. buyout team. Genachowski, who is returning to the private sector after working for four years as chairman of the U.S. Federal Communications Commission, will focus on investments in global technology, media and telecom. Prior to the FCC, Genachowski helped build IAC/InterActiveCorp, which owned and operated multiple Internet and media businesses, including Expedia, Ticketmaster and USA Network.
Private equity real estate firm Gaw Capital Partners USA has named Ashish Gupta as senior vice president for acquisitions. Gupta will be working at the firm’s soon-to-be opened New York City office. In his new role, Gupta will be responsible for making U.S. investments for the company, focusing on “innovation-based” markets such as Austin, Texas. Gupta previously worked at Lehman Brothers where he served as a senior vice president.
Michael Nobrega, president and chief executive officer at the Ontario Municipal Employees Retirement System since 2007, will retire from this position on March 31. He will be succeeded by Michael Latimer, currently OMERS’s chief investment officer.
Presidio Residential Capital, a real estate investment firm, has hired Paul Faye as an asset manager. Faye will be responsible for a portfolio of existing joint venture and owned assets that Presidio has invested in. Faye most recently served as an executive at John Burns Real Estate Consulting.
The Private Equity Growth Capital Council has elected Ken Mehlman, the global head of public affairs at Kohlberg Kravis Roberts, as chairman of the council’s board of directors. Mehlman succeeds Mark Tresnowski, managing director and general counsel at Madison Dearborn Partners.
Christian Sievert will be leaving Segulah in spring of 2014 to start his own investment company, backed by a cornerstone investor. He will remain partner of Segulah until the spring to conclude work for different portfolio companies in which he is involved. Segulah has also appointed a new senior member to the investment team, Henrik Lif, formerly of Nordic Capital and a one time CEO of one of Nordic Capital’s portfolio companies.
Summer Street Capital Partners has hired Thomas Rashman as an analyst. Rashman previously served as a staff sergeant in the Israel Defense Forces. Based in Buffalo, New York, Summer Street Capital Partners is a private equity firm.
Victory Park Capital has named former U.S. Sen. Joseph I. Lieberman as chairman of its executive board. Lieberman, who spent 24 years in the U.S. Senate, was the Democratic vice presidential candidate in 2000. Based in Chicago, VPC is an asset management firm that focuses on mid-market companies.