Kavanagh joins TH Real Estate’s APAC expansion – Exclusive

The former director and fund manager at Invesco Real Estate, is set to join TH Real Estate in a newly-created leadership role.

Louise Kavanagh has been appointed as managing director for funds management at TH Real Estate, PERE has learned.

Kavanagh, who departed Invesco Real Estate last month PERE reported, will officially begin her role next month and will be based in Hong Kong. She will report to Chris Reilly, the Asia-Pacific managing director who is leading the firm’s expansion in the region.

As of end June, 2017 TH Real Estate had around $103 billion in assets under management, of which around $2 billion (2 percent of the total AUM) is in Asia-Pacific.

This newly-created leadership position for TH Real Estate in the region reflects an expansion of its capital raising efforts. TH Real Estate, which is an affiliate of US asset manager Nuveen, has been making investments in the region through general accounts. For example, it made its debut investment in Japan in October 2016 with a $82 million acquisition of the Ginza 1 Chome Building on behalf of an undisclosed investor.

The firm does not yet have an Asia-focused commingled private real estate fund, but made its first foray into the private fund space in the region by partnering with Gaw Capital Partners on a China-focused outlet mall fund that was launched last year.

In her prior role, Kavanagh was the fund manager for the firm’s open-ended core/core-plus vehicle Invesco Real Estate Asia Fund. She has more than 17 years of experience in the real estate and funds management industry.