Schroders : completes acquisition of majority stake in Asian real estate investment manager Pamfleet

Schroders is today announcing that it has completed the acquisition of a majority stake in Pamfleet, an Asian real estate investment manager.

Pamfleet, which will now be renamed Schroder Pamfleet, has offices in Hong Kong, Shanghai and Singapore. It was founded in 2000 and currently has US$1.1 billion of assets under management across four funds.

Pamfleet's entire team of 19 professionals will continue to work for Schroder Pamfleet.

This further reinforces Schroders' private assets and real estate capabilities, and builds on the recent purchases of Blue Asset Management, the value-add real estate specialist in Munich, and Algonquin, the Pan-European value-add Real Estate Hotels team.

It also brings significant additional industry expertise and geographical reach into some of the largest and fastest growing Asian real estate markets which are attractive to Schroders' global clients.

Duncan Owen, Global Head of Schroder Real Estate commented:

'We are delighted to today confirm the completion of this majority acquisition and the subsequent creation of Schroder Pamfleet. We are excited about the potential of this business, leveraging Pamfleet's existing strong presence within the Asian real estate market and Schroders' expertise delivering real estate and private assets investment solutions on a global scale.

'The Asian real estate market is exceptionally attractive to many of our partners, clients and prospective investors and this acquisition will therefore enable us to deliver extra choice and better meet their investment objectives.'

Andrew Moore, Head of Schroder Pamfleet said:

'Today marks a significant step in the development of Schroder Pamfleet, as this business officially joins forces with Schroders, which is renowned globally for offering outstanding client service and an excellent investment track record.

'Schroders' heritage and international footprint, combined with Pamfleet's local market knowledge, is an exciting prospect for our clients.'

Georg Wunderlin, Global Head of Private Assets at Schroders, said:

'We announced at the beginning of the month that we had reached an agreement toacquire a majority stake in Pamfleet and I am delighted today that we have completed this transaction. Schroder Pamfleet brings a wealth of real estate investment experience in Asia which will help us drive the next phase in the growth of Schroders' Real Estate and broader Private Assets platform. Schroder Real Estate is a core part of Schroders' Private Assets business which is a key strategic growth priority for the firm.'

Hodes Weill Securities, LLC, acted as exclusive financial adviser to Pamfleet.

Schroder Real Estate forms part of Schroders' private assets business which is a key strategic priority for the firm. This capability includes private equity, infrastructure, microfinance and impact investments, insurance-linked securities and securitised credit and has combined assets under management of £45.3 billion as at 30 June 2020.