Investment manager Barings has grown its Real Estate Debt team in Europe with the appointment of Kasimir zu Eltz as a director.
Based in Frankfurt, Zu Eltz will be responsible for helping to grow the debt business in Europe, originating new business and loans with borrowers across the continent and the sourcing and closing of senior, whole loan and construction lending opportunities.
He brings more than 15 years of experience in the sector, most recently at PGIM Real Estate where he was responsible for origination and execution of value-add and core real estate debt transactions in continental Europe as a director and vice president in European Debt Origination. He had previously worked at NIBC Bank N.V.
The appointment follows significant growth in the Barings Real Estate Debt platform, which has nearly doubled its loan book to more than €3.5 bn AUM in the last three years.
Sam Mellor, head of Europe and Asia Pacific Real Estate Debt at Barings, said: ‘Kasimir’s appointment follows a strong period for the platform, with our team more than doubling in size and entering new geographies, including APAC, the Nordics and Belgium. Kasimir brings an impressive track record in the industry, and we very much look forward to having him on the team as we look to continue our expansion and deploy capital in line with the Barings network of local offices.’
Kasimir zu Eltz added: ‘This was a great opportunity to join a well-established business with an exciting growth trajectory, and I’m looking forward to working with Sam and the rest of the team to build on their success to date.’
