Schroders Acquires Majority of RF Eclipse

Posted on 04/23/2021

Money manager giant Schroders plc intends to acquire a 50.1% ownership stake in commercial real estate lending specialists RF Eclipse Limited, an alternative lender to small to medium sized enterprises in the real estate market. RF Eclipse specializes in investment, development and construction financing across residential, commercial, retail, and industrial properties. RF Eclipse currently manages approximately US$ 300 million in assets including assets for the Schroder Real Estate Debt Fund for which it has run an investment mandate since November 2019.

Eclipse Prudent Mortgage Corporation (now RF Eclipse) was established in 1999 and operates as an integrated platform with capabilities across loan origination, loan management, and funds management. It is currently wholly owned by the RF Group, the family office of Andrew Roberts, former majority shareholder of Multiplex Property Group. Under this agreement, the RF Group will retain 49.9% ownership and both Schroders and RF Group will have equal board representation and control.

Following completion of the transaction, RF Eclipse will be renamed “Schroder RF”.

In 2016, RF Capital (Andrew Roberts family office) bought Eclipse Prudent Mortgage Corporation.

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