Switzerland-based Aventicum Capital Management, an asset management business jointly owned by Swiss bank Credit Suisse and Middle East sovereign wealth fund Qatar Holding, has hired two senior executives to complete the formation of its real estate arm, Aventicum Private Equity Real Estate.
Tracy DeBlieck and Helen Garbutt are set to join the team led by former ING REIM executive, Christophe Tanghe. In all, the team will have five executives.
DeBlieck joins as principal in the investments team from the Regus Group where she was European property and investment director. Previously, DeBlieck held several senior positions with Fireside Investments, IDeA FIMIT and Goldman Sachs & Co.
Garbutt joins Aventicum as principal in the asset management team. Garbutt has more than 24 years’ experience in real estate lending, asset, portfolio and fund management including a spell leading the portfolio management of LaSalle’s commingled fund business across Greater Europe, with specific responsibility for LaSalle’s value add and opportunistic vehicles.
“Together, the principals of the business combine unique capabilities to originate, execute and manage complex real estate investments across myriad property types, geographies and investment strategies,” commented Tanghe.
Aventicum established its inaugural fund, Aventicum Real Estate Partners Europe, last year to generate and is targeting non-core real estate and real estate related private equity investments in markets across Europe. The shareholders of Aventicum Capital Management have committed substantial seed capital to the fund at its first closing in 2014 and third party capital raising is expected to take place later this year.
Since launch, the firm has completed a number of initial investments for the fund and is in the process of completing further transactions, it said.