A team of European real estate professionals who worked together at Rockspring for more than a decade have reunited to launch a new London-based European value-add real estate partnership.
Evonite has been set up to “challenge the status quo with a vision to build on a philosophy of delivering consistent and meaningful performance for its investors across vintages”.
Founding partners include chief executive Paul Hampton, who was formerly head of international fund management at Patrizia; Charles-Nicolas Tarrière, formerly managing director at Patrizia, who will look after portfolio management; and Kevin Muscat, formerly head of transactions at Mileway, who will lead in investment.
The trio also worked together for more than 10 years at Rockspring Property Investment Managers on TransEuropean value-add fund series. Between 2007 and 2022, the TransEuropean series invested €3.5bn (£3bn) into 14 European countries, generating a 20% IRR per annum.
At Evonite, the partners said they would pursue a thematic investment strategy underpinned by deep macro research, occupational market dynamics, risk analysis and asset management opportunities.
Hampton said: “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”.
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