A team of seasoned European real estate professionals have set up Evonite, a London-based, independent partnership focused on value-added opportunities.
The founding team includes CEO Paul Hampton (formerly head of International Fund Management at Patrizia); Charles-Nicolas Tarrière, partner for Portfolio Management (formerly managing director at Patrizia); and Kevin Muscat, partner for Investments (former head of Transactions at Mileway).
The partners previously collaborated for over a decade at Rockspring Property Investment Managers on the TEP value-add fund series that invested €3.5 bn across 14 European countries from 2007 to 2022, generating a 20% internal rate of return per annum.
Paul Hampton, CEO of Evonite commented: ‘We are coming back together with a common purpose of putting our fund investors first at what is a pivotal time for our industry where market uncertainty is beginning to yield opportunity. United in our belief that working in partnership with each other, with our operators, and most importantly, with our fund investors is fundamental to driving results, we are focused solely on performance, not AUM growth or transaction size. We want to provide strong performance even in poor vintages.’
Evonite will leverage a thematic investment strategy, informed by in-depth macroeconomic research, occupational market trends, risk analysis, and asset management potential. Details about the first fund program will be revealed later in 2024, alongside announcements of additional senior team members.
