Weinberg Capital Partners has acquired the French operations of Captiva Capital Management.
The Paris – based Real Estate Asset Management company firm led by Emeric Lacourte manages circa EUR300 m in real estate assets in France.
Serge Weinberg, President of Weinberg Capital Partners, says: “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 capitalise on our expertise in Private Equity and Real Estate where we have already achieved to raise EUR800m of capital.”
Laurent Halimi, Managing Director, head of Real Estate, says: “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 €200m opportunistic fund closed in June 2014.”
Lacourte says: “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.”