The UK head of New York fund manager Rockpoint is to leave the company to set up his own investment vehicle.
Rhys Lewis, who joined Rockpoint in 2005, has set up a new company, Anglesea Capital, to take advantage of tumbling prices in UK real estate. Rockpoint’s London office will now be run by Brian Borg, one of the firm’s initial founders.
Anglesea will work alongside Rockpoint on future investments in joint ventures and Lewis will act as an advisor to his former employer but his new company will also invest alone.
Lewis joined Rockpoint as director of acquisitions in the UK from Moorfield Group as the firm expanded its operations in Europe. Prior to that, he specialized in analysis, asset management and real estate development for Carisbrooke Investments. He also previously worked for JC Rathbone Associates, specializing in real estate structured finance and financial risk management.
In his time at Rockpoint, Lewis led the £410 million ($618 million; €463 million) purchase of Cutlers Gardens estate in the City of London in October 2006 and followed this with the £187 million acquisition of the UK’s largest speculatively built warehouse portfolio in April 2007.
Rockpoint finished in 14th position in this year’s PERE 30 rankings having raised $5.56 billion in equity for its real estate focused funds. The firm has offices in Dallas, San Francisco, Frankfurt, London and Tokyo. PERE 30