Private Equity Giant Lone Star Shakes Up North American RanksBy
Lone Star Funds, a big private equity firm that specializes in buying up distressed assets — soured mortgages in particular — is undergoing a shake-up in the management of its North American operations.
Sam Loughlin, who had worked for the Dallas-based firm for nearly nine years, stepped down on Thursday as president of its North American division, the company said. He is being replaced by Nick Beevers, who had been a Lone Star executive vice president and came to the firm in 2011 to run its investor relations operation…
Leave a Reply
You must be logged in to post a comment.