Longbow Real Estate Capital has appointed David Hunter as chairman after the firm completed the final close of its £242m debt fund.
Hunter was the managing director of Aberdeen Asset Management’s property fund business until 2004, and is now a consultant with non-executive roles in the UK, Nordic region, South Africa and India.
The firm, which in December sold a 51% stake to the FTSE 250-listed Intermediate Capital Group, recently completed the final close of its debt fund.
The UK property debt specialist raised the money for its Longbow UK Real Estate Debt Investments II from “a range of blue-chip institutional investors”.
It has already completed a number of mezzanine and high-yield senior debt investments and Longbow said it has “a significant pipeline of further opportunities”.
M3 Capital Partners acted as exclusive financial advisor to Longbow in connection with the fund.
Hunter said: “The current market presents a perfect opportunity for successful debt investment, both for refinancing and for new acquisitions.
“Longbow has already proven itself as a leading player in the real estate sector, and I look forward to helping to deliver attractive returns for our investors and supporting the growth of the business.”
Martin Wheeler, Longbow’s joint managing partner, said: “We are very pleased that David has joined the team as his depth of experience and contacts in the property fund management world will be of great benefit to Longbow and its investors.
“Following the successful close of Fund II, we are looking forward to assisting our borrowers in accessing the undoubted opportunities which exist in the UK property market.”
bridget.oconnell@estatesgazette.com
