Peakside Capital Advisors and GRP Capital have launched a joint venture investment vehicle.
GRP, which was set up in 2015 by the former Patrizia fund manager, and the private equity firm will each take a 50/50 share in Parkside GRP Capital. It will invest in and manage mainly residential assets for national and international clients across Germany.
GRP Capital was set up in June 2015 by Boris Schran and Stefan Aumann, previously of Patrizia, who said: “The creation of Peakside GRP Capital allows us to continue diversifying and extending our product range to incorporate more defensive real estate investments.”
Their new partner Peakside was originally founded in 2010 and now has €1.4bn of assets under management across Eastern Europe and Germany.
