Nuveen Asset Management Europe's former managing director of institutional advisory Michael Klauke-Werner has left the organisation to co-found 1stein Capital, a new fund management firm for institutional investors focused on the residential, logistics, office and retail asset classes in the DACH region.
1stein is already raising institutional capital for several existing real estate and mezzanine funds on behalf of a number of asset managers.
Based in Frankfurt, Michael Klauke-Werner has more than 25 years of activity in the investment industry, during which time he raised more than €5 bn of equity capital for a variety of Henderson/Warburg-Henderson and TH Real Estate / Nuveen Real Estate funds. Earlier in his career he worked for the Aberdeen Group and Commerz Grundbesitz Spezialfondsgesellschaft. In both companies he was department manager responsible for marketing.
During his career, he has initiated and facilitated more than 250 instructions from institutional investors in German-speaking countries, with a volume of over €8 bn.
