Henderson Park has raised $500m for a European real estate platform with backing from Middle Eastern investors.
The new company, founded by Nick Weber, has attracted investment from private equity firm Stone Point Capital, Kuwait Investment Authority and Wafra Investment Advisory Group.
Weber said Henderson Park will invest in “attractive value-add and opportunistic real estate assets in the UK and across the continent”.
“Together, we have a clear ambition to build Henderson Park into an important European real estate capital provider and investor in the years to come,” he said. “The team at Henderson Park believes the current market presents an exciting opportunity to invest into European real estate.”
Henderson Park will invest across the office, retail, residential, logistics and hotel sectors, as well as alternative sectors, including private-rented and multi-family housing, healthcare and student accommodation.
Weber, who is CEO of Henderson Park, was previously head of Europe for Mount Kellett and has worked for Goldman Sachs.
With a focus on gateway cities, the firm will invest in assets and companies, both directly in real estate and indirectly through the acquisition of loans.
Farouk Bastaki, global head of alternative investments at the Kuwait Investment Authority, said: “We have had a longstanding relationship with Nick dating back to his time at Goldman Sachs and Mount Kellett.
“We look forward to building a long and strategic partnership with him through Henderson Park.”
The firm’s board will include: Steve Friedman, chairman of Stone Point Capital and former chairman of both Goldman Sachs and the Federal Reserve Bank of New York; Chuck Davis, CEO of Stone Point Capital, previously head of investment banking services worldwide at Goldman Sachs; Henry Cornell, founder of Cornell Capital; Mohamad Khouja, chairman and CEO of Wafra Investment Advisory Group.
Khouja said Wafra invested with Weber at Mount Kellett.