John Dwyer, head of property at Fleming Family and Partners (FF&P), the private independent asset management firm started by the British Fleming banking family, has departed the company.
Dwyer, who was responsible for all property investment including indirect investment in the global listed and unlisted real estate markets, left a few weeks ago.
He was managing the FF&P Global Property Fund, which was established for clients of the family firm who invested £25 million (€28 million; $41 million) when the vehicle was launched in September 2006. Since then, the firm has been marketing the fund to third party investors.
Fleming Family & Partners was formed in August 2000 as a private and independent multi-family office.
According to a document on the family firm's website, the global fund of funds has invested in JER Europe Fund III, plus other opportunistic funds, such as CPI Asia Pacific, JER Fund IV, Patron Capital III, MSREF Fund VI International, Delancey DV 4, a new vehicle closed recently by London-based Mountgrange, and Resolution Fund III. The global fund has also invested in a Japan core-plus fund managed by Macquarie Group.