Alceon Group acquires a significant shareholding in specialist real estate and infrastructure manager, Freehold Investment Management. First joint fund launched.
Freehold Investment Management, a specialist real estate and infrastructure manager, has today announced that Alceon Group has acquired a significant shareholding in the firm.
Freehold remains majority-owned by interests associated with its Managing Director, Grant Atchison.
In commenting on the shareholder changes, Grant Atchison indicated the move underpins future growth ambitions of the firm. “We are pleased that Alceon Group has become a significant shareholder. There is a strong alignment of interests between the two firms, which will enable us to work together to bring new opportunities to our investors.”
Trevor Loewensohn, Managing Director of Alceon, said “We are delighted to be partnering with Grant and the team at Freehold to grow our respective businesses. Freehold is a high-quality firm, with a proven track record in managing real estate capital on behalf of private wealth groups. This is an opportunity to utilise our respective skills in the real estate market to enhance the products and services offered to our respective clients.”
The benefits of the partnership for our clients are already evident, added Atchison “We are excited to announce that earlier this month Freehold launched a new fund, the Freehold Debt Income Fund, in partnership with Alceon. The Fund aims to deliver an attractive, total annualised return of between 7 – 8% p.a., which will be paid monthly to investors.”
The Fund was seeded with just over $5 million and has secured a further $10 million of investor commitments. It invests in a diversified pool of loans originated by Alceon that are primarily secured by registered first-ranking mortgages over Australian property. The loans largely finance development, construction and ownership across the east coast markets, underpinned by strong supply and demand fundamentals.
About Freehold Investment Management
Freehold is a specialist manager of capital across domestic property and infrastructure. A seasoned team, with extensive experience across all real estate sectors, the capital structure and risk spectrum. The team has direct experience in project management, design and construction of large-scale projects in the office, retail, industrial, residential, education and infrastructure sectors. Deep research
capabilities are supplemented by extensive relationships with real estate owners, lenders and intermediaries. Freehold provide an intimate and highly differentiated client service for private wealth
groups, HNW families, small institutions and endowment funds. www.freeholdim.com.au
Alceon is a private investment finance and advisory group with strong and established capabilities in sourcing and, originating real estate investment opportunities and raising capital across the capital
spectrum to fund these in all real estate sub sectors. The Alceon team has 125+ years of collective experience in Australian and global financial markets and the principals have deep and proven experience in real estate investment as well as private equity, structured credit and special situations.
Ph: +61 414 861629