Real Estate Fund Management
Pacific's management and businesses founded by Pacific have developed more than 6 million m² (65 million ft²) of real estate assets globally, across multiple sectors.
The management team has experience in direct investments, development, private funds, property companies (private and quoted), take-privates, mezzanine finance, property derivatives and asset-backed operating companies.
The Pacific team members come from multi-disciplined backgrounds with the skills and resources required to source, structure and execute transactions as well as maximise returns through value enhancing asset management, sophisticated deal structuring and implementation of exit strategies.
The following is an overview of the real estate investment businesses launched over the last four decades:
- London & Edinburgh Trust PLC – listed on the London Stock Exchange with a focus on real estate development;
- Portfolio Holdings – established to exploit cyclical opportunities in the UK real estate market;
- Property Mezzanine Partners – established to bridge a funding gap in the UK property debt markets;
- AIG French Property Fund – established to exploit opportunities in the French property market;
- Europa Capital Partners – established a pan-European real estate opportunities investment manager;
- Alpha Real Capital – established a pan-European (excluding UK) and an Indian (now global) real estate fund management platform;
- Pacific Real Estate Capital Partners – established a global real estate fund management platform including direct and indirect real estate products;
| INVESTMENT VEHICLE | LAUNCH DATE |
STRATEGY | AGGREGATE VALUE OF TRANSACTIONS EXECUTED |
IRR | MONEY MULTIPLE |
|---|---|---|---|---|---|
| London & Edinburgh Trust PLC | 1971 | Global real estate | £925 million | 44% [1] | 9.8x |
| Portfolio Holdings | 1993 | UK real estate | £150 million | 35% | 3.2x |
| Property Mezzanine Partners | 1995 | UK real estate | £178 million | 23% | 1.8x |
| AIG French Property Fund | 1998 | French real estate | €754 million | 22% | 1.7x |
| Europa Capital Partners (Europa Fund I) |
1999 | European real estate | €1,515 million | 10% [2] | 1.5x |
| Alpha Real Capital | 2005 | Global real estate | $730 million | 155.9% | 13.2x |
NOTES
[1] IRR from IPO in 1983 to sale in 1990: includes 88% ownership of LET Pacific.
[2] The 10% IRR represents the forecast return of the fund which has fully realised twelve out of fourteen investments made.



