Mr. Millstein is the President of Cerberus Global Investments and Global Head of Real Estate for Cerberus. He leads the Firm’s global real estate franchise, which invests across the capital structure in commercial and residential properties and portfolios, as well as directly into real estate operating companies and servicing platforms.
From 2009 to 2017, he served as Head of European and Asian Real Estate and Distressed Assets and led a team that was the world’s foremost investor in European non-performing loan (NPL) portfolios, commercial real estate, and residential mortgages. Since 2010 and under Mr. Millstein’s leadership, Cerberus has completed NPL transactions with a total transaction size of more than $65 billion and over the past five years, the Firm has been the leading purchaser of European NPL portfolios.
Prior to joining Cerberus in 2007, Mr. Millstein was the Head of Corporate and Investment Banking for Aozora Bank from 2004 to 2007, where he was responsible for the bank’s corporate lending, real estate, leveraged lending, structured credit, and principal investing businesses. Prior to Aozora Bank, he was at Morgan Stanley for ten years, from 1994 to 2004, most recently as Managing Director and head of high-yield and distressed principal investing in Japan and non-Japan Asia.
Mr. Millstein graduated magna cum laude from the University of Pennsylvania’s Wharton School of Business. He is a member of numerous Cerberus committees, including the Operating/ Management Advisory Committee, Private Equity Committee, NPL Committee, Real Estate Committee, and Real Estate Debt Committee.