Black Creek, a private equity firm that focuses on real estate, said it hired former Morgan Stanley executive Raj Dhanda as president of its US business.
Dhanda, 48 years old, spent 26 years at Morgan Stanley, holding key jobs at both its investment banking and wealth management businesses before leaving following an executive shuffle earlier this year. He joins the Denver-based Black Creek as investors are increasingly turning to real estate in their search for assets that aren't as closely tied to the ebb and flow of the stock and bond markets.