Londra, il nuovo investment manager Tokoro Capital lancia un Fondo europeo da €250 mn

Two former Brockton Capital executives, Sanjay Sethi and Max Bassadone, have launched Tokoro Capital, a next generation real estate investment manager and announce the close of its first Fund, TKO-I LP (the “Fund”), having raised €100 million of capital commitments. The Fund was cornerstoned by a major European institution and, assuming leverage, has c. €250 million of investable capital that will initially target office opportunities in London and Paris. The close, which was achieved against the backdrop of the Covid-19 pandemic, underlines the continued appetite amongst investors to deploy capital into real estate and particularly into funds with no legacy assets.

Tokoro Capital will target opportunities in Europe’s gateway cities, employing a relative value strategy to allow it to invest through the cycle whilst seeking to take advantage of pricing dislocation, which is expected to be exaggerated by current market uncertainty. The Fund will initially seek office investments where active asset management is both accretive and defensive of capital value.  Target assets will be in the €20 million to €100 million value range with an initial focus on Paris and London, Europe’s two most liquid and transparent real estate markets, underlining Tokoro Capital’s belief in the important role offices will continue to play for businesses in the future. 

Tokoro Capital’s ethos is underpinned by a strong social purpose and includes a clear framework of social incentives for the team, alongside a commitment to channel a proportion of profits towards affecting social change include a commitment to 1% for the planet and providing seed capital as well as advisory expertise to social ventures.

Sanjay Sethi and Max Bassadone have over 30 years combined of real estate experience, having transacted and asset managed over €10 billion of real estate across the capital stack, whilst they are also active angel investors in the impact space. Prior to launching Tokoro, they spent four years together at Brockton Capital.

 Source :  Company