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Cohen & Steers Exits Private Equity CRE

NEW YORK CITY—Global investment manager Cohen & Steers is leaving the private equity real estate business, resulting in the departure of the group's head, Steve Coyle, and his team, at the end of this week.

By Sule Aygoren | Updated on August 06, 2013

NEW YORK CITY—Global investment manager Cohen & Steers is leaving the private equity real estate business, according to a report from PERE. The decision has also led to the departure of the group’s head, Steve Coyle, and his team, at the end of this week.

In a note sent to clients yesterday, PERE reports that Coyle, who is senior vice president and chief investment officer for the company’s global private real estate opportunity strategies, wrote: “The firm has decided to no longer be active in the private equity real estate space. As a result, my team and I will depart the firm effective this Friday.”

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