Park Hill Expands its Real Estate Group
New York – August 7, 2007 – Park Hill Real Estate Group today announced that Michael Stark has joined as a Senior Managing Principal. Mr. Stark, who will be based in New York, will cohead the real estate placement group alongside founders Chuck Purse and Frank Schmitz.
Mr. Stark joins Park Hill from Credit Suisse, where he was a Director and founding member of the Real Estate Private Fund Group. Previously, Mr. Stark worked in the Real Estate Investment Banking Divisions at Credit Suisse and Donaldson Lufkin & Jenrette.
Chuck Purse, Senior Managing Principal, said, “We are delighted to have Michael join our team. His skills and experience are uniquely suited to deepen our capability to serve our clients within both the sponsor and investor communities.”
Ken Whitney, Senior Managing Director of Blackstone, added, “Michael is clearly recognized as one of the outstanding talents in the placement industry and we are extremely enthusiastic with this senior addition to Park Hill Real Estate.”
About Park Hill Real Estate Group
Park Hill Real Estate Group, and its affiliate, Park Hill Group, provide fund placement services for corporate private equity funds, real estate funds, venture capital funds and hedge funds. Park Hill primarily provides placement services to unrelated third-party sponsored funds. It also assists its parent entity, The Blackstone Group, in raising capital for its own investment funds from time to time and providing insights into new alternative asset products and trends. Since inception, the Park Hill entities have assisted clients in raising a total of $54 billion for 28 corporate private equity, real estate, venture capital and hedge funds. Further information is available at www.parkhillgroup.com