Europa Capital, the London-based private equity real estate firm, has announced a raft of promotions as it continues to raise and invest capital for real estate equity strategies.
James Fortescue and Hugo Black (pictured) have become partners with the firm. Fortescue’s focus will be on the Benelux region as well as sectors in the UK including offices, industrial and retail warehouses, while Black will be tasked with handling corporates, the Nordics and UK residential and shopping centers.
In addition to these two promotions, three other executives, Jonathan Mansie, James Pennington and Carolyn Medwynter were promoted to director. Meanwhile, Dipen Patel, Gergely Koos-Hutas and George Minns were promoted to associate director. The final promotion saw Will Hughes become an associate.
Richard Collins, Europa’s chief operating officer, said: “Europa Capital is delighted to confirm these promotions, including James and Hugo as new partners in our business.”
Europa were in the news recently after the July acquisition of a prime residential building in Madrid, which was thought to be the first transaction from its latest pan-European investment fund. The €25 million transaction was understood to have been made via the firm’s fifth European-focused value-add vehicle, Europa Fund V.
Fund V was launched in September last year, following the hire of Schalk Visser as partner and head of equity, with an original target of €750 million. In April, the firm held a first close after reaching €360 million but it is understood the fund now has total firepower of €1 billion, including debt. At the time, Europa declined to comment on the fundraise.