Fiera Real Estate UK, part of global investment manager Fiera Capital Corporation, has hired Richard Howe and David Renshaw from Cheyne Capital to set up and run a pan-European real estate debt strategy.
The new investment platform has secured £250 mln (€287 mln) in seed commitments and is expected to launch in Q1 2023.
Fiera said the debt strategy comes in response to the ‘growing funding gap’ in European real estate private credit.
The new hires worked together in the real estate debt team at Cheyne Capital for five years. Prior to this, Howe was at Chenavari Investment Managers, Lloyds and Anglo Irish Bank whilst Renshaw worked at Grainger plc, Kintyre Investments and Lloyds Banking Group.
Fiera can invest across multiple asset classes, including residential, logistics, offices, leisure assets and hotels, and will initially be focused on the UK market before expanding into other European areas.
