People: BlackRock’s APAC real estate research head to leave; PE Riverside promotes Steven Spiteri as AUS Partner

Michael Klibaner

Global asset manager BlackRock will see its Asia Pacific Real Estate Research head Michael Klibaner leave the firm this June after working for two years at the firm.Private equity firm Riverside Company has promoted Steven Spiteri as a partner in Australia where he will be based in Melbourne.

BlackRock’s APAC real estate research head to leave

Global asset manager BlackRock will see its Asia Pacific Real Estate Research head Michael Klibaner leave the firm this June after working for two years at the firm.

Confirming the development, a BlackRock spokesperson told this portal that Klibaner “has decided to leave BlackRock to pursue other opportunities and his last day of employment with the firm will be June 30, 2017.”

At BlackRock, based in Hong Kong, he currently leads the real estate research function across the Asia Pacific (APAC) region and the development of APAC-focused thought pieces. He also supports the fund raising, asset management, and acquisition and disposal activities by identifying value in all property sectors.

“While we take a team approach in our research to support the real estate investment process, our plan is to fill this role to add to the strength and depth of our capabilities,” said the spokesperson.

Klibaner has previously worked as Head of Research for Greater China at Jones Lang LaSalle where he led the research teams in 15 offices across Greater China as well as the REIS data service. Klibaner also worked on the mortgage-backed and asset-backed securities trading desks at Kidder, Peabody and Barclay’s Capital.

He has 21 years of professional experience in fixed income trading, business strategy and economic development consulting, and real estate, spending the last ten years in Asia.

BlackRock Real Estate invests in strategies across the risk/return spectrum in public and private markets worldwide, supported by dedicated research capabilities in North America and Europe as well as insights from the BlackRock Investment Institute (BII), to provide market analysis and forecasts and formulate investment strategies.

PE firm Riverside promotes Steven Spiteri as Australia Partner

Private equity firm The Riverside Company has promoted Steven Spiteri as a partner in Australia where he will be based in Melbourne.

The appointment is part of two promotions that Riverside announced on Wednesday which includes Partner Joe Manning who will work out of the firm’s Cleveland office.

Spiteri joined Riverside in 2010 after working at Hastings Private Equity and KPMG Corporate Finance.

He serves as one of the lead investors on four current platform investments, and was a leader of the teams that helped make quick service food franchisor Retail Zoo and independent medical assessment provider MLCOA strong exits for Riverside.

“We have extraordinarily high standards for our partners, and we’re excited to welcome Joe into this elite group,” said Riverside Managing Partner Loren Schlachet.

The US-based private equity firm Riverside is focused on making control and non-control investments in growing businesses valued at up to $400 million. The firm’s international portfolio includes more than 80 companies.

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