New World Capital takes minority stake in Valesco

New World Capital Advisors (NWCA) has acquired a “strategic minority stake” in Valesco Group, a London headquartered European real estate investment manager.

Valesco said NWCA’s undisclosed investment amount provides the company with both balance sheet capital and additional limited partner (LP) investor capital from sovereign wealth funds, pensions funds and conglomerates across the Middle East, Asia and Europe.

Valesco – which is backed by committed institutional capital from Asia and in particular Korea – has grown its European core and core-plus portfolio assets under management (AUM) by almost €1bn over the past 18 months.

Valesco said LPs have anchored the launch of its next European core and core-plus fund which is expected to close at €1bn of equity.

Shiraz Jiwa, founder and CEO of The Valesco Group, said: “This transaction marks an important milestone in the trajectory of the business as we increase and diversify our pools of sovereign and institutional LPs who are looking for a strong and aligned partner to effectively and efficiently deploy their capital in order to achieve strong risk-adjusted returns across a variety of European real estate investment theses and products.

”Having a strategic shareholder of the quality and reach of NWCA positions us to execute on the next phase of AUM growth and investment product diversification.”

Adam Sadiq, managing partner and co-founder of NWCA, said: “We are delighted with our latest investment in The Valesco Group which supports our long-term vision as we continue to build upon our investment strategy, ensuring alignment of interest throughout the investment life cycle whilst delivering strong risk-adjusted returns.”

Zeiad Idris, managing partner and co-founder of NWCA, said: “We are excited to partner with The Valesco Group, a firm we have long admired and which we believe is going to grow to be the pre-eminent European real estate investment firm through its relentless focus of nurturing long-term, win-win partnerships with investors, developers, asset owners, lenders, tenants and employees.”