Doughty Hanson appoints Hypo man

The appointment reflects Doughty’s ambition to continue its Nordic investment drive for its second European fund.

UK private equity and real estate firm Doughty Hanson has added to its roster of senior investment professionals with the appointment of Anders Tagt as head of its Nordic team.

Tagt joins from German property lender Hypo Real Estate where he spent seven years as a senior director in the bank’s real estate structured finance and investment banking division.

Before Hypo, he spent six years as head of Enskilda Property Funds at Enskilda Securities; seven years as chief executive officer of Regnbågen Öster, a subsidiary of Regnbågen, a former listed Swedish property group; and four years at NCC, the publicly listed construction company.

Julian Gabriel, senior principal at Doughty Hanson, said: “He (Tagt) will play a key role in coordinating our investment activity in the Nordic market, enabling us to capitalise on the significant investment opportunities we expect to see in the region in the coming years.” 

Tagt will source deals for Doughty Hanson’s second fund, Doughty Hanson & Co European Real Estate Fund II, which closed in 2006 with commitments of €590 million. The fund, which has invested across Europe, has completed eleven investments to date, representing about 60 percent of its equity.

Tägt added: “The next few years are set to be an interesting time for real estate investment in Europe and I believe that the Nordic region, in particular, continues to present attractive investment opportunities across all segments.”

At Hypo, Tagt was responsible for a loan book of more than €3.5 billion ($4.6 billion). But since narrowly escaping collapse last October, Hypo, which is part owned by private equity and real estate firms JC Flowers and Grove International, has reduced the size of its lending operation.

Hans Obermeier, head of corporate communications at the bank, said: “It is obviously the case that our firm would turn its strategy from origination of business to portfolio management..”