Privately owned financier and multi-strategy investment manager, Alceon Group and specialist real estate and infrastructure manager, Freehold Investment Management, today announced that their respective real estate funds management businesses have been combined.
The move comes 18-months after Alceon acquired a 40% stake in the Freehold business and the firms launched their first jointly-managed fund, the Freehold Debt Income Fund. Total real estate funds under management for the combined business now exceed $2.5billion and Alceon total funds under management including Private Equity, Credit and Liquid Strategies now exceed $3billion.
The flagship Freehold Australian Property Fund will continue to operate under the Freehold brand, while all debt strategies will be consolidated under the Alceon brand.
In addition to his responsibility for managing the existing Freehold business, Grant Atchison, Managing Director of Freehold, has been appointed Head of Real Estate Funds Management leading the development of the institutional and wholesale real estate funds management for the combined group. He will also assume responsibility for the management and operation of the Alceon Real Estate Senior Debt Fund.
Omar Khan, currently Executive Director and Portfolio Manager for the Freehold Debt Income Fund, is now Head of Wholesale Capital, with responsibility for wholesale capital raising efforts and working with Grant and the existing Alceon team to further develop and grow the business.
Freehold’s Senior Portfolio Manager, Grant Mackenzie, and Portfolio Manager, Simon Karlsson, will continue to manage Freehold’s listed property and infrastructure capabilities, whilst developing and growing the business through existing and new structures.
In a joint statement about the move, Trevor Loewensohn, Managing Director of Alceon, and Grant Atchison said, “We are very excited about the combination of our businesses. We have had an excellent working relationship for many years, which has been further developed over the past 18-months and combining the businesses provides us with a wonderful opportunity to further expand and enhance our investment capabilities and solutions for our clients”.
The combined group continues to be 100% owned by its staff.
About Alceon Group
Alceon is a privately owned financier and multi-strategy alternative investment manager with strong and established capabilities in sourcing and originating investment opportunities and raising capital across the capital spectrum in Real Estate, Private Equity Credit and Liquid Strategies.
Established in 2010 and headquartered in Sydney, Alceon has invested over $4billion of capital for its high net worth, family office and institutional clients across all its investment classes. www.alceon.com.au