Weinberg Capital Partners is very pleased to announce the acquisition of the French operations of Captiva Capital Management. The Paris - based Real Estate Asset Management company firm led by Emeric Lacourte manages approx. €300 mln in real estate assets in France.
Serge Weinberg, President of Weinberg Capital Partners, said: “this acquisition is a great opportunity to expand our Real Estate platform to asset management on behalf of institutional clients through dedicated mandates. It fits our strategy to capitalize on our expertise in Private Equity and Real Estate where we have already achieved to raise €800 mln of capital. »
Laurent Halimi, Managing Director, head of Real Estate, added: “the company, now called W Asset Management, will allow our LPs to access investment opportunities, through stand-alone investments or club deals, complementary to those completed by Weinberg Real Estate Partners #2, a €200 mln opportunistic fund closed in June 2014."
Emeric Lacourte concluded: “after 5 years spent at Captiva in France and Germany, I am thrilled to join Weinberg Capital Partners to develop the asset management activity I have initiated a few years ago. The Weinberg Capital Partners' platform and strong investors' base will be key to the development of W Asset Management.”
Source: Weinberg Capital Partners