Updated with correction
David Hodes and Doug Weill started Hodes Weill & Associates, an advisory and investment firm focused on real estate private equity, according to spokesman Jeremy Fielding.
Mr. Hodes and Mr. Weill were managing directors and two of the three co-founders of Credit Suisse's real estate private equity group. That group raised $40 billion in the past 10 years from institutional and retail investors for real estate funds, Mr. Fielding said.
Hodes Weill & Associates will also help with recapitalization and restructuring of real estate managers and real estate portfolio investments, Mr. Fielding said.
Credit Suisse spokeswoman Suzanne Fleming said both Mr. Hodes and Mr. Weill formally moved out of the 28-person group in early 2009 and were not replaced.