Michael Abel, former equity partner at TPG, has launched Greykite, a private capital investment advisory firm, with a strategic capital investment from cornerstone investors Constellation and Leucadia Asset Management.
Greykite will specialise in real estate investments across a series of asset classes with durable fundamentals across Europe.
The company said it would use an approach grounded in rigorous data analysis and market research, employing a differentiated strategy focused on both asset and corporate-level transactions in high-conviction and operationally intensive sectors mainly in Western Europe, including opportunities emerging from special situations and market dislocation.
As chief executive, Abel will oversee Greykite’s strategy, fundraising, and investment business, and will serve as chairman of the executive and investment committees.
Prior to founding Greykite, Abel was an equity partner at TPG, where he helped establish TPG Real Estate’s efforts in Europe and served as a member of TPG Real Estate’s investment committee and TPG Europe’s executive committee.
Abel is joined in the formation of Greykite by former TPG colleague Dan Valenzano, senior partner and member of the executive and investment committees, who will lead investment and portfolio company oversight activities.
To deliver on its strategy, Greykite has assembled an initial 10-person team, consisting of former TPG, Goldman Sachs, Morgan Stanley and Oaktree professionals.
Abel said the investment from Constellation and Leucadia “comes at a highly attractive point in the investment cycle, where we see elevated levels of uncertainty and dislocation, but brimming with opportunity”.
He added: “With a high-quality team, fully aligned with our partners in our collective ambition to build a differentiated investment business on a foundation of trust, transparency and performance, we look forward to connecting with market participants and potential partners and capitalising on our robust transaction pipeline.”
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