Valesco has expanded its real estate team with a trio of hires. Amit Thakkar and Alexander Giergen have joined as vice presidents, and Ashleigh Adams has joined as an associate.
They will join Valesco’s investment management platform, based at its London HQ.
Thakkar was previously with the real estate advisory team at Rothschild & Co, where he advised on M&A, equity capital markets and strategic advisory transactions in the real estate and leisure spaces across the UK and Continental Europe. Prior to that he was an associate director in HSBC’s EMEA real estate and hotels investment banking team. He has also advised on a number of real estate IPOs.
Giergen joins the European real estate investment and asset manager from Frankfurt-based Cara Investment, where he was an investment director, responsible for the acquisition of core, value-add and opportunistic investments across Western Europe and the US. He was previously with Credit Suisse, working on acquisitions for the bank’s European open-end and closed-end real estate funds.
Adams joins from Tristan Capital Partners, where she was involved in the fund management of approximately €3bn of equity commitments across pan-European opportunistic real estate funds. Prior to this, she worked at Global Student Accommodation, where she supported the development of the largest purpose-built student accommodation in Germany.
Shiraz Jiwa, founder and CEO of Valesco said: “Their collective experience, qualities and entrepreneurialism will build on our platform’s reputation and track record of unlocking opportunities of core quality and risk profile, out of pricing dislocations and complex structures, whilst delivering extremely compelling risk-adjusted returns usually the preserve of core-plus/value-add strategies.”
He added that it was “an exciting period of growth” for the firm, as it continues on its “drive of disrupting the status quo of the private real estate space”.
“This recruitment drive reflects our ambitions as a business and we remain on the lookout for pioneering and talented individuals to complement our existing team.”
The new hires follow the recent appointments of Kevin Dunn as a vice president in the asset management team and Martial Portiche as an associate in the investment team.
Valesco is planning to “significantly grow” its assets under management during 2022 with capital committed from its global sovereign and institutional investor base.
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