Delin taps Generali exec for CIO – Exclusive

The logistics-focused firm, which partnered with Blackstone last year, is targeting ‘fresh capital.’

Anthony Butler

Delin Capital Asset Management has hired Anthony Butler as chief investment officer, PERE has learned.

The London-based logistics firm created the CIO role, effective Monday, ahead of a push into new markets and products.

DCAM currently manages 6.5 million square feet of logistics assets across the UK and Benelux. Last year, the firm signed a joint venture with Blackstone’s core-plus platform to acquire prime logistics assets in the latter three, PERE reported.

“One of the attractions of joining someone like DCAM is it has a great reputation already in the logistics market; it’s in a position where it’s ready to grow rapidly,” Butler told PERE. “It was a natural choice to join the organization at this time because we have the talent and the capital backing. One of my roles is to drive the investment program in line with some of the products we’re looking to create.”

Butler said it was too early to talk specifics on fundraising, though he did note the firm would target ‘fresh capital’ and enter new markets, such as Spanish development. The firm last raised a core fund, Capital Preservation Portfolio I, in 2012, corralling €200 million and an additional €15 million in 2014.

Butler previously spent two years at Generali Real Estate, where he was the global co-head of transactions and global head of direct investments. Generali could not be reached for comment. Before that, he founded TIAA-CREF’s UK and European platform, helping in the firm’s merger to create TH Real Estate in 2014.

The new CIO reports to firm head Ekaterina Avdonina, who co-founded DCAM in 2012. The firm manages over £550 million ($777 million, €624 million) of logistics properties, and is increasingly focused on developing new assets and value-added strategies, she said.