Constitution Capital Partners Launches Real Estate Investment Unit

BOSTON–(BUSINESS WIRE)–Constitution Capital Partners, a leading private, multi-asset
alternative investment firm, today announced the formation of Constitution
Capital Real Estate Partners
, comprised of professionals previously
employed by Lone Star Funds and its affiliates. With offices in New York
and Chicago, the group will be led by Hugh J. Ward III, an industry
veteran and most recently Senior Managing Director and Co-Head of Real
Estate Investments at Lone Star North America.

The Real Estate team, instrumental in helping Lone Star acquire more
than $20 billion of real estate loans and properties in North America
during the latest cycle, will initially consist of six individuals with
over 150 years of combined commercial real estate investment experience.
The team’s value-add strategy focuses on identifying undermanaged and
undercapitalized assets and seeks to create value by improving
management, performing incremental leasing and increasing rents via
strategic capital improvements. Primary target asset classes include
Class B apartments/workforce housing, Class B/A- office buildings,
e-commerce oriented industrial properties and full and select service
hotels located across the United States.

“As a firm that is constantly seeking ways to improve and enhance
performance for both our portfolio and our investors, we believe the
addition of the Real Estate team will be another method to create
further value,” said Daniel M. Cahill, a Managing Partner at
Constitution Capital Partners. “We have closely followed the real estate
sector for a long period of time and feel that we now have the right
investment team to enter this attractive and evolving marketplace.
Having known and worked closely with Hugh dating back more than 30 years
to our time as members of the corporate audit staff at General Electric
Company, I have had the pleasure of following his career closely and
trust that his experience, track record and most importantly,
leadership, will transition well into our firm.”

“We believe the addition of the Real Estate team builds upon our
existing platform and complements the investment opportunities in our
business units,” said John J. Guinee, a Managing Partner at Constitution
Capital Partners. “Importantly, we are confident that this talented team
of investment professionals, all of whom bring significant expertise and
quality of character, share our commitment to our value-add and
analytical investment approach. We are thrilled to welcome them to
Constitution Capital and look forward to their contributions.”

“Joining Constitution Capital is an ideal fit for our team and we are
very pleased to be a part of such a unique opportunity,” said Hugh J.
Ward III, Senior Managing Director and Head of Real Estate at
Constitution Capital Partners. “The firm has established itself as a
leading investor across multiple asset classes in North America, and we
could not be more excited to build a real estate business within
Constitution Capital and leverage their outstanding platform.
Furthermore, it is a personal bonus to have the opportunity to once
again work alongside Dan Cahill who I have known for decades and for
whom I have a tremendous amount of respect. On behalf of the entire Real
Estate team, I sincerely thank Dan, John and the entire Constitution
Capital team for showing a tremendous amount of trust and confidence in
us.”

About Constitution Capital
Constitution Capital, with
offices in Boston, New York, and Chicago, is a leading alternative asset
manager focused on private equity, private credit, and real estate. The
firm is a disciplined, value oriented investor with a demonstrated track
record of consistently generating strong risk-adjusted returns. The firm
is led by an experienced, cohesive team of investment professionals with
significant experience investing in partnerships, direct equity,
opportunistic credit investments, and real estate. For more information
about Constitution Capital, please visit www.concp.com.

Contacts

Ashley Gleavy
Constitution Capital Partners
(978) 749-9600
agleavy@concp.com

OR

Zachary Tramonti
BackBay Communications
(617) 391-0797
zachary.tramonti@backbaycommunications.com