KGAL, which set up a new subsidiary last year to invest in new areas of infrastructure, has extended its offering by creating a private equity arm to invest in real estate and infrastructure companies.
The German asset manager said the newly created KGAL Equity Partners will focus on real estate companies, large-scale real estate portfolios, and company investments relating to infrastructure.
Gert Waltenbauer, CEO of KGAL, said: “We are bringing together KGAL’s 50 years of expertise in the asset classes of tangible assets, and linking them with the specialist knowledge of an experienced private equity team.
“In doing this we are entering the important asset class of private equity, and decisively completing our alternative investment offering to investors.”
The senior management team of KGAL Equity Partners consists of Frank W Kewitz and Kay Ullman, who took up their roles this month.
Last year, the manager created KGAL New Frontiers to invest in new areas of infrastructure.