Cerberus’s Rawald heads to US in corporate shake-up

Ronald Rawald, Cerberus Capital Management’s head of European real estate advisory, is to become the firm’s head of international real estate and return to New York. Daniel Dejanovic will assume the role of head of European real estate, based in Amsterdam. The move comes as part of Cerberus’s real estate platform restructure, which combines its domestic and international functions. Lee Millstein, head of European and Asian distressed/real estate, has been promoted to global head of real estate. Ronald Kravit and Thomas Wagner, co-heads of North American real estate, will continue to be based in New York. Mark Neporent, chief operating officer and general counsel, said: “This realignment facilitates our ability to continue investing in a diverse range of global assets.” Cerberus announced in January that its real estate team closed its $1.8bn (£1.4bn) fourth global opportunistic fund, Cerberus Institutional Real Estate Partners IV. It now has assets under management and commitments in excess of $8bn available to be directed towards real estate related investments. To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette