Black Creek Group, a Colorado-based private equity real estate firm, has hired Raj Dhanda as president of its US-based platform.
Dhanda will oversee all distribution, marketing, product development, operations and legal functions at the firm in the newly-created role.
He joins Black Creek after a 26-year stint at Morgan Stanley where he held senior roles in the investment bank’s institutional and retail businesses, and served on the firm’s management and risk committee. Most recently, he was head of investment products and services in wealth management and was in charge of all products distributed by Morgan Stanley’s financial advisors.
Black Creek is focused on creating and managing real estate platform companies. Current Black Creek companies includes US real estate investment trusts Industrial Property Trust and Dividend Capital Diversified Property Fund, as well as Mexico-focused private equity platforms MIRA, targeting urban residential and mixed-use projects, and Gran Ciudad, a multifamily rental development and property management platform.
The firm currently manages approximately $6 billion of assets in the US and Mexico, including $5 billion in the former. Along with Blumberg, Black Creek is also led by Jim Mulvihill and Evan Zucker.