Portuguese private equity real estate investment and asset management firm Bondstone has launched Bondstone Investment Management, a fund management company approved and regulated by the Portuguese Supervision Authority (CMVM).
The new firm will operate under the Sociedade Gestora de Organismos de Coletivo Investimento (SGOIC) regime.
With the launch of this company, Bondstone becomes fully regulated by the CMVM, which the firm says enhances risk monitoring and regulatory safeguards for its investors.
Via this new business unit, Bondstone will now be able to manage funds not only in Portugal but across Europe with a special focus on residential, touristic, logistics, and commercial real estate assets. From the onset, the company will manage two real estate funds, with assets under management valued at more than €70 mln.
These first two funds are dedicated to the development of residential and hospitality projects in Lisbon and Algarve and the company expects to markedly expand its portfolio over the few next years.
'The launch of Bondstone Investment Management will enable Bondstone to reach new levels in the management of real estate funds and investments vehicles for institutional investors seeking to deploy capital not only in Portugal but across the European real estate market.
'More than a natural step in our ambitious growth strategy, this new regulated platform will showcase our robust pipeline and our ability to find good deals and deploy capital quickly and securely, while adopting the best governance, risk management and compliance practices that are paramount to the type of investors we wish to attract and partner with,' said Paulo Loureiro, managing partner and CEO of Bondstone.
António Pereira Dias, Bondstone's partner and chief investment officer, said that 'this step, added to the group's solid track-record, will allow us to raise capital from the world's leading investors, bringing Bondstone closer to its European counterparts'.
