He will lead investment transaction execution for the firm’s equity and debt investment vehicles.

Leveraged buyout bids measuring in the double-digit billions, a relative rarity since the financial crisis, have been showing signs of a comeback lately.

The new group broadens the firm’s opportunity set into the U.S. private commercial real estate market.

The previous global head of real assets will focus more on his role as global cio of BlackRock Alternative Investors.

The new hires began on April 1 and April 19.

Fund II will target investment opportunities with measurable environmental and social impact, including companies that focus on clean energy transition, sustainable processes, health and wellness and community development.