Cerberus Capital Management hired Michael Keough as a managing director to lead capital raising and investor partnerships in the Western U.S. for the firm’s real estate platform from San Francisco.
With $60 billion in overall alternative investment assets, Cerberus’ real estate platform manages approximately $13 billion of real estate-related assets supported by a team of more than 150 professionals across the firm located in the U.S., Europe, Asia, South America, the Middle East, and Australia. The firm’s real estate program dates back to 1993.
Keough has more than two decades experience in capital fundraising roles, including across various real estate strategies. Most recently, he was a partner at Headlands Capital, where he led business development and investor relations and assisted in the origination of secondary market transactions. Prior to that he was a managing director at DWS, where his role included heading up the core institutional client group.
“We’ve built trusted relationships with our investors across North America over the past three decades and look forward to deepening those partnerships with Mike’s leadership,” said Lee Millstein, president of Cerberus Global Investments and global head of real estate. “The opportunities we are seeing play to the strengths of our multi-strategy real estate platform.”
Keough said he was excited to join a world-class franchise. “Cerberus’ real estate platform has an incredible reputation,” he said in a statement. “Institutional investors seek partners with tenured teams and proven experience investing across market cycles. Cerberus’ disciplined approach coupled with its asset management expertise has made it a trusted partner for nearly 30 years.”