MGT Investment Management, a London-based investment firm focused on the living sector backed by heavyweight investors has made a key hire.
The company founded by ex Europa Capital princial and co-founder, Charles Graham, along with Henry Morris and Callum Thorneycroft, says Adina David has joined to lead expansion during a £1 bn (€1.1b) fundraise.
She will also become a shareholder and director responsible for leading the firm’s rental living strategy and growing the portfolio, which currently stands at £1.4 bn.
David was VP of investments at The Collective before rejoining Greystar in 2019. She was also one of ten young professionals named by PropertyEU in the magazine’s inaugural Rising Stars feature published in 2020.
MGT is backed by Baupost Group and Oaktree Capital. The firm already has initial equity commitments from a mix of domestic and international investors for a vehicle that will forward fund or purchase multi- and single-family housing assets around London and the South of England.
Said Morris, MD at MGT: 'Adina will play a central role in our ambitious plans to significantly grow our rental living portfolio through a new £1bn investment vehicle.'
'Her experience within several vertically-integrated businesses will prove invaluable as we look to fund institutional-grade, best-in-class schemes. We believe that injecting best practice around design and operations will not only create better homes for our future residents, but also a significant uplift in performance for our capital partners.'
