Brockton Capital takes on fifth partner

The London-based firm, which recently raised £500m for its second UK fund, says its non executive chairman Tony Edgley is joining as full-time partner.

Brockton Capital, the London-based private equity real estate firm, has introduced a fifth partner to the business.

The firm, started by David Marks and Jason Blank in 2005, said its non-executive chairman Tony Edgley is to join full-time in January next year.

Edgley is well-known in UK and European real estate circles having been with property services firm Jones Lang LaSalle for 31 years in positions including head of corporate finance, but he has also been chairman of Brockton since its inception.

He said in a statement: “I know first-hand what an exceptional firm they are and what an extraordinary future lies ahead of them.”

Brockton raised £150 million (€189 million; $300 million) for its first fund, Brockton Capital Fund I, in 2006 targeting UK property. This summer it closed follow-up vehicle, Brockton Capital Fund II, on £500 million.

The remaining two partners at Brockton are David Zimmermann, formerly at London-listed property company Canary Wharf Group and Simon Samuels, formerly at Morgan Stanley.

In addition to Edgley, the firm has made two further hires. Prem Mohan Raj recently joined as the chief financial officer, having most recently been CFO at ISIS Equity Partners, the mid-market UK private equity firm. Prior to joining ISIS in 2005, he was financial controller at Coller Capital, the $8 billion global private equity secondaries firm.
Brockton Capital has also recently hired Daniel Kelly as an analyst from pension fund consulting firm, Towers Watson, where he worked in evaluating real estate and distressed credit fund managers for the firm’s institutional clients

Furthermore, the firm has promoted Charlie Desmond to principal. Desmond joined in 2007 and was previously an analyst at Goldman Sachs in the Real Estate Principal Investment Area (REPIA) team in London.