Two former joint chief executive officers of Eurohypo's investment banking division have left the company and acquired its Financial Services Authority-regulated fund management business. Paul Rivlin and Neil Lawson-May, the two investors buying out the company, said on Tuesday they are renaming it Palatium Investment Management. The new firm plans to establish a series of new investment funds, the first of which has already being created to take advantage of the current market conditions in the preferred equity and mezzanine debt markets, Palatium said. Based in London, the company aims have EUR 750mln under management by the end of its first year.
Two former joint chief executive officers of Eurohypo's investment banking division have left the company and acquired its Financial Services Authority-regulated fund management business. Paul Rivlin and Neil Lawson-May, the two investors buying out the company, said on Tuesday they are renaming it Palatium Investment Management. The new firm plans to establish a series of new investment funds, the first of which has already being created to take advantage of the current market conditions in the preferred equity and mezzanine debt markets, Palatium said. Based in London, the company aims have EUR 750mln under management by the end of its first year.
In a statement, the company added that it is currently recruiting an experienced team to take the business forward. 'Despite, and in some cases because of, current market conditions, there are still a number of truly exciting investment opportunities in real estate and real estate debt. Palatium will pursue these in the years ahead to offer investors opportunity returns in a variety of the world’s real estate markets. The key factors will be our ability to identify clearly defined opportunities and manage them successfully,' said Lawson-May.
