Former Patrizia directors Paul Hampton, Charles-Nicolas Tarrière and Kevin Muscat have teamed up to create a European value-add real estate investment management firm.
The trio have established Evonite, a London-based business expected to create “fund vintages which deliver consistent and meaningful performance for its fund investors”.
The founding team worked together for over 10 years at Rockspring Property Investment Managers on the market TransEuropean (TEP) value-add fund series, before Rockspring was acquired by Patrizia.
Hampton, who acts as Evonite’s CEO, and Evonite’s portfolio management partner Tarrière, went on to act as head of international fund management and managing director respectively at Patrizia. Fellow Evonite founding member and partner Muscat, who’s in charge of investments, was formerly head of transactions at European last mile logistics firm Mileway after leaving Patrizia.
Evonite expects to leverage a thematic investment approach, a strategy that combines macroeconomic analysis, occupational market trends, risk assessment, and opportunities in asset management, it said, adding that it expects to share further details on their first fund programme and new leadership additions later this year.
Hampton said: “We are coming back together with a common purpose of putting our fund investors first at what is a pivotal time for our industry where market uncertainty is beginning to yield opportunity.
“United in our belief that working in partnership with each other, with our operators and most importantly, with our fund investors is fundamental to driving results, we are focused solely on performance, not AUM growth or transaction size. We want to provide strong performance even in poor vintages.”
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