Tyndaris’ co-head of real estate has left the firm days after the announcement of the closure of its first fund.
It is understood that Heath Forusz left last week to pursue personal projects outside of real estate.
While Forusz is expected to pursue personal projects in the short term it is believed that he will return to real estate, possibly with an expanded remit outside of debt.
It is also understood that the firm and Forusz had agreed some time ago to part after the first close of the fund.
The fund, which closed at €350m (£215m), had already leant on two deals – one a hotel deal in King’s Cross, NW1, and the other an office-to-residential scheme in Westminster, W1.
Forusz, who with Clark Coffee managed the company’s real estate fund, joined from Deutsche Bank where he had been the head of real estate capital markets and principal trading. He joined them in the US in 2004 from Goldman Sachs and moved to the UK in 2006. In his role at Deutsche he was responsible for the pricing, positioning and distribution of CMBS and other commercial real estate debt.
At Tyndaris he and the team sought to lend upwards of €10m in whole loan, mezzanine and preferred equity style transactions.
