Charlotte D'Souza
Robert Rackind sees an opportunity to take a real estate investment manager public amid pressures in the 'squeezed middle' segment.
As well as providing a significant boost to Partners’ direct real estate business, the merger of the two Swiss firms will add real estate credit to the manager’s offering.
Gaining significant exposure to real estate credit was also a key draw, according to global co-head of real estate Karim Habra.
Although part of a 183-year-old family business, the Dutch asset manager is the new kid on the block when it comes to third-party capital management.
The firm has promoted Thorsten Slytå to the new position, which was established in response to growing demand for more direct investment.
With its partner funds around £850m underweight to UK real estate, the LGPS pool is poised to begin deploying from its latest vehicle, says head of real estate Alistair Smith.
The UK manager aims to bring all of its real estate equity and debt strategies into Spain and elsewhere in Europe over the next three years.
The UK asset manager has acquired a majority stake in BauMont Real Estate Capital to diversify into higher-returning real estate.
The practice enables the UK local government pension schemes to explore new areas of private real estate, such as impact investing.
With one eye on the new market cycle, emerging and evolving capital sources are mobilizing to make the most out of an allocation to private real estate.