Apache Capital to launch four funds

A London-based start-up chaired by Paul Orchard-Lisle, the former senior partner of property services firm Cushman & Wakefield, wants to launch two funds targeting London as well as a China vehicle and an infrastructure fund.

A London-based start-up called Apache Capital is planning to launch four separate property funds.

The firm is to be chaired by Paul Orchard-Lisle, who is a former senior partner of property services firm Cushman & Wakefield and an advisor to private equity real estate firm, Patron Capital.

According to sources, the plan is for Apache to raise a London residential property and a London commercial property fund as well as a China real estate vehicle and an infrastructure fund.

Apache is being run by John Dunkerley and Richard Jackson. Dunkerley and Jackson are former senior property fund managers at Jersey-based Belgravia Asset Management.

Orchard-Lisle was senior partner of Cushman & Wakefield for eleven years until 1999 when the firm was known as Healey & Baker.

In addition to his advisory role with Patron Capital, he is a non executive director of Trikona Trinity Capital, listed on London's Alternative Investment Market (AIM). From 2005 to 2006 he was chairman of property company Segro. Last year he became a non executive director at the Powerleague Group, which operates five-a-side football games following a deal in which Patron took a 29 percent stake in the business.

Dunkerley and Jackson left Belgravia in March 2008 having built up an $800 million portfolio of assets distributed across various funds and joint ventures.