By: Tim Mullaney
Published , May 1, 2021
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services.
Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was managing private funds totaling $3.5 billion in assets.
Beckwith’s successor as CEO is David Russ. Russ joined Formation in 2010 and became chief investment officer in 2019. He has been serving as CEO since Dec. 2020.