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Real Asset Partners advises real estate investment managers looking for capital partners to grow their business through funds, strategic managed accounts, club deals, as well as joint ventures.

We offer a boutique approach and therefore work with a small number of managers at any given time. We favour teams who are local to their markets, who have a consistent track record and a clear edge in their chosen real estate sub sector.

We advise our clients on their fundraising strategy by crafting a targeted approach, bespoke to the type of capital that best matches their selected investment opportunities, whether they are acquiring new assets, or looking to recapitalise existing investments or vintage funds.

Our team has long-standing relationships with qualified investors across Europe, the Nordics, the Middle-East, Asia and North America.

WE RAISE CAPITAL FOR THE FOLLOWING REAL ESTATE SECTORS:

 

What We Do

 

Capital Raising

Real Asset Partners’ boutique approach means that each client receives the full and undivided attention of the whole team. We understand that managers prefer to spend more time investing, and less time on the road fundraising, which is why we make sure that each and every introduction we make is always pre-qualified and targeted to the most relevant capital partners. We have raised capital for investments with risk profiles ranging from Core to Opportunistic, for underlying assets in a range of sectors such as Office, Logistics, Retail, Multi-Family Residential as well as in some of the Alternatives.

Recapitalisation

Real Asset Partners advises GPs on the recapitalisation of vintage funds, portfolios and single assets, where long term capital replaces the existing equity, giving our clients a new mandate to continue managing assets they already know intimately.
In today’s market, where quality assets are scarce, recapitalisations are a beneficial solution for managers looking to create a liquidity event for their existing investors and for new investors to commit to a transparent portfolio, while benefiting from the knowledge of a manager who can hit the ground running.

Secondaries

Real Asset Partners acts for investors wishing to actively manage their Private Equity Real Estate exposure by disposing of interests in their single deals, portfolios, hybrid vehicles and funds.
When acting for the seller, Real Asset Partners provides a range of Advisory Services allowing the vendor to evaluate strategic options, optimise the sale strategy, structure the secondary offering and streamline the full cycle of the sale process.

Acceleration Capital

Real Asset Partners understands that institutional investors’ requirements are constantly evolving, and that finding the right alignment with the managers they are backing is one of the key elements to a successful partnership. In order to strengthen the relationship between institutional capital and the investment managers, we have the ability to offer our investment managers co-investment capital.

Our unique combination of both capital and fundraising, through a single dedicated platform, positions the PERE managers we partner with for long-term growth.


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Track Record

 

Real Asset Partners has advised on a total of €3.3 billion of Real Estate investments since its inception in 2014

 

Q1 2019

€205,000,000

Greek Grade-A Office Fund

STRATEGIC MANAGED ACCOUNT



Q1 2019

€385,000,000

Pan-Nordic Logistics Portfolio Recapitalisation

JOINT VENTURE CAPITAL



Q4 2018

€200,000,000

Pan-Nordic Logistics Strategic Managed Account

STRATEGIC MANAGED ACCOUNT


 

Q4 2018

€560,000,000

Southern European UTP Portfolio

DEBT ADVISORY



Q2 2018

€56,000,000

German Logistics Portfolio

JOINT VENTURE CAPITAL



Q1 2018

€282,000,000

German Mixed-Use Recapitalisation

JOINT VENTURE CAPITAL


 

Q4 2017

€1,200,000,000

Southern European NPL Portfolio

DEBT ADVISORY



Q1 2017

€168,000,000

Pan-Nordic Logistics Fund

EQUITY PLACEMENT



Q2 2016

€170,000,000

German Residential Fund

EQUITY PLACEMENT


 

Q1 2016

€70,000,000

German Retail Portfolio Sale & Leaseback

JOINT VENTURE CAPITAL


 

 
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Case Studies


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CASE STUDY 1: Transitioning to an institutional investor base

A German manager had an exclusive sale & leaseback opportunity in a portfolio of retail assets from a major tenant. Prior to this, the manager had been managing a retail fund, and the new portfolio would not fit the fund’s investment criteria or the timing of an increase in capital from the existing investor base.

STEP 1: We ran a targeted fundraising campaign process and identified two middle-eastern income-focused investors. We advised the manager on the investment process of these investors and their need for a shariah-compliant vehicle for the acquisition.

STEP 2 : We arranged the shariah certification process and raised an initial equity investment of €25m for the sale and leaseback transaction, with a view to increase the allocation in conjunction with another sale and leaseback opportunity with the same anchor tenant.

OUTCOME: Our client was able to source capital from a new institutional investor and strengthened their strategic relationship with a major tenant.

 
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CASE STUDY 2: Investor Diversification

A Nordic logistics manager approached RAP to diversify its investor base.  They had a long standing history with domestic investors, but had not marketed to investors outside their home market and wanted to gain access to institutional capital.

STEP 1: Fundraising was well underway when our engagement began, and it was expected that the fund would be oversubscribed by local investors. It was agreed with the manager that a small capacity would be reserved for a new foreign investor.

STEP 2: We ran a very targeted process with a shortlist of European LPs and with a 4 months window before final close.

OUTCOME: The process was successful and allowed a new non-local investor to commit to the fund, which is accretive to the credibility of the manager and which will pave the way for other foreign investors for follow-on vehicles.

 
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CASE STUDY 3: Recapitalisation

One of our clients approached us about a retail trophy asset that they had been managing in a major German city centre. Their JV partner was looking to exit after a 10 year hold and our client was considering the sale of the property.

STEP 1: We  advised the manager on a possible recapitalisation of the SPV owning the asset and ran a very targeted process on the back of which we selected two large European institutional investors to structure a club deal.

STEP 2: In the new structure, offering substantial tax savings for the new investors, the two institutions committed to 47.5% of the equity each.

OUTCOME: Our client was able to retain management of a Core-plus asset for the new investors for an additional 10 years, and the newly formed club has the potential pursue further investments into follow-on high-profile opportunities with the manager.