Roger Barris is stepping down as managing partner at real estate private equity firm Peakside Capital but will stay on as a senior adviser and member of the investment committee, the company said on Thursday.

Roger Barris is stepping down as managing partner at real estate private equity firm Peakside Capital but will stay on as a senior adviser and member of the investment committee, the company said on Thursday.

Barris, one of the three founding partners of Peakside alongside Stefan Aumann and Boris Schran, will also remain an investor in Peakside’s funds.

Since it was established in 2010, Peakside has grown to manage over €1.8 bn of gross assets across four funds and two separate accounts within its target markets of Germany, Poland and the Czech Republic.

Commenting on his move, Barris said: ‘When Boris, Stefan and I set up Peakside in 2010, it was always with the intention that I would step aside at some point and that Boris and Stefan would continue to grow the business. Given the success of Peakside and its firmly established position as a leading mid-market investor in Germany, Poland and the Czech Republic, now is the logical time to implement this transition.

‘I have every confidence that both the Peakside business and the funds we manage are being left in the best possible shape and the best possible hands. I firmly believe that, under the leadership of Boris and Stefan, Peakside will continue to go from strength to strength.’