StepStone Real Estate (SRE) has hired Frank Forster as managing director in Europe.
Frank Foster will lead the firm’s secondaries, recapitalization and co-investment activities in Europe.
Forster will be based in London and report to SRE’s Head of EMEA, Josh Cleveland, and its Head of Investments, John Waters.
Before joining SRE, Frank worked at notable real estate investment managers such as EQT Real Estate, Mount Kellett and Blackstone.
“Frank’s 20-plus years’ experience investing throughout Europe, in often complex structured transactions, have positioned him to help to lead our European investment activities,” said Josh Cleveland. “The addition of a senior professional like Frank is key to our focus on prudently investing the substantial amount of dry powder we have to deploy in partnership with Europe’s leading real estate managers,” he added.
StepStone Real Estate has recently added nine professionals, bringing the size of its investment team to 45. The group plans to hire several junior and mid-level professionals this year to responsibly execute its global investment activities.
“I am excited to join SRE’s talented and collegial team and look forward to applying my experience to help SRE continue to deliver the same level of service and performance our clients and general partners have come to expect,” said Forster.