Invesco Real Estate Agrees to Take of European RE Debt Business of GAM Investments
Posted on 10/21/2020
Invesco Real Estate agreed to take over the European real estate debt business of GAM Investments AG. The investment team is a 7-person team led by Andrew Gordon.
In addition, US$ 300 million of assets in two funds and a separate account were migrated under the control of Invesco Real Estate. All 22 of GAM’s real estate debt investor clients plan to migrate to Invesco, of which a third already have existing relationships with Invesco broader investment business.
On October 2, 2015, GAM Investments acquired the European real estate debt business from London-based Renshaw Bay. At that time, Renshaw Bay was led by Jon Rickert, a former Managing Director at JPMorgan.
In 2011, RIT Capital Partners (Jacob Rothschild) secured funding for Renshaw Bay.
