FundRock Management Company will launch a new operation that helps international institutional investors getting access to alternative asset classes, including private equity.
Through a partnership with Jean Edouard Mazery, FundRock is set to drive expansion into the French private equity real estate sector.
While already managing French funds under the Freedom to Provide Services passport regime, FundRock has decided to bolster its presence in France by establishing a newly created French AIFM based in Paris, named “FundRock France AM”, subject to prior authorisation from the Autorité des Marchés Financiers.
“We are excited about our expansion into France, which underlines our strategy of offering pan-European solutions to our clients, said Xavier Parain, CEO of FundRock.
“The timing of our expansion reflects increasing demand from international investors wishing to put capital to work in French alternative asset classes, where solid economic fundamentals and a supportive legal and regulatory framework are opening up a range of private equity and real estate opportunities,” continued Parain.
Helping to spearhead FundRock’s expansion in France will be Jean Edouard Mazery, who recently joined from European asset manager Twenty First Capital. The executive will initially be based in Luxembourg and will relocate to Paris once regulatory approval from the AMF has been obtained, according to the firm.
Jean Edouard was previously managing director and head of real estate at Twenty First Capital and helped to create and develop the asset manager’s real estate fund management business, managing EUR2 billion in assets by the end of 2019.