UK real estate fund manager Delancey Real Estate has partnered with three industry professionals to establish an investment management firm specialising in bespoke, asset-backed financing solutions.
Delancey’s senior leadership, as shareholders, have backed Scott Gardner, Tom Benham and Harry Millward, who have founded Evermill Capital, the investment management firm that provides financing solutions for its operating partners and institutional clients.
Gardner has worked in financial institutions and property companies and, prior to joining Evermill, was a partner at European real assets fund manager AlphaReal. He was a director at Colliers and head of real estate fund management at banking group AUB.
Millward previously worked within the secure income real estate team at Macquarie Asset Management with a focus on underwriting and origination. He has also held roles at AlphaReal and PwC’s capital markets team.
Benham previously worked within the secure income real estate team at Macquarie Asset Management, investing on behalf of institutional clients across alternative and core real estate markets. Prior to that, Benham was an investment consultant, advising institutional investors on investment strategy, with a particular focus on portfolio construction and liability hedging.
The founding partners of Evermill Capital said: “Our specialist secure income skills alongside the wider Delancey business’ capabilities, creates a strong proposition for clients and counterparties.
“The management team and Delancey are aligned to building a sustainable platform with a deep understanding of liability-matching clients and market access that allows us to originate and structure bespoke transactions.”
A spokesperson at Delancey Real Estate said: “Evermill Capital will allow our clients to access real estate-related opportunities that sit outside the scope of our existing opportunistic and private credit strategies.
“With the entrepreneurial culture of a start-up, Evermill can respond nimbly to opportunities and work across the capital structure more flexibly than existing market participants – a key point of differentiation.”
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