Z Capital Taps Coats For Operating Partner Role

Aug 9 2017 | 8:21pm ET

Global alternative investment manager Z Capital Group has named former BlackRock Real Estate Advisors executive Andrew Coats as an operating partner. 

In his new role, Coats assist the firm’s private equity team with the real estate holdings of portfolio companies, as well as with operations and development in Z Capital’s real estate portfolio, the company said in a statement. He will be based in New York.

Coats brings nearly two decades of experience in real estate, development, design and construction in both the U.S. and international markets to his new position, the statement added. Before joining Z Capital, Coats served as Director of the Development Management team at BlackRock Real Estate Advisors, where he was responsible for acquisitions, design management, entitlements and construction oversight on ground up and repositioning projects as well as managing value add and opportunistic real estate deals.

Beforehand, Coats worked for Rudin Management, a real estate development firm in New York, overseeing luxury residential and commercial projects. Earlier, he founded and led the Design Management Group at BuroHappold Engineering, an international, integrated engineering consultancy operating in 23 locations worldwide. 

“Andrew’s extensive experience in leading transactions, development and construction projects in the real estate sector will undoubtedly be an impactful addition to our team,” said James Zenni, Founder, President and Chief Executive Officer of Z Capital Group, in the statement. 

Founded in 2006, Z Capital Group is a leading alternative asset manager focused on opportunistic, value-oriented private equity and credit funds. The company manages approximately $2.3 billion in regulatory assets and has offices in New York, Chicago and Zürich, Switzerland. 

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