5. März 2015
Roger Barris to become Senior Advisor at Peakside Capital
In English language only
Peakside Capital announces that Roger Barris will be stepping back from an operational role in the Company but will continue to act as a Senior Advisor and Investment Committee member to the Company, whilst also remaining as an investor in Peakside’s funds.
Roger was one of three founding partners of Peakside, together with Stefan Aumann and Boris Schran, all of whom had worked together at Merrill Lynch. Since it was established in 2010, Peakside has grown to manage over EUR 1.8Bn of gross assets under management across four funds and two separate accounts, within its target markets of Germany, Poland and the Czech Republic.
Roger Barris said: “When Boris, Stefan and I set up Peakside in 2010, it was always with the intention that I would step aside at some point and that Boris and Stefan would continue to grow the business. Given the success of Peakside and its firmly established position as a leading mid-market investor in Germany, Poland and the Czech Republic, now is the logical time to implement this transition. I have every confidence that both the Peakside business and the funds we manage are being left in the best possible shape and the best possible hands. I firmly believe that, under the leadership of Boris and Stefan, Peakside will continue to go from strength to strength.”
Stefan Aumann added: “We are deeply appreciative of Roger’s efforts over these last few years. We always understood that Roger would want to step back from the business at some point, and after discussing this with our investors, our employees and other key counterparties in our business, we are now implementing this change. We are very pleased that we will continue to have the benefit of his experience and relationships in his role as Senior Advisor.”
Boris Schran commented: “The Peakside business was founded on our shared a belief that it is only by putting the interests of our investors first that we can succeed and this belief has guided all of our actions. It is the principal reason why all of our funds are performing well and why we so strongly believe that our focus on mid-market, value-add investments is the right way forward. Our recent investments in Germany exemplify this and we will continue with an even stronger focus on our core markets and our core strength, which is adding value by disciplined selection and active management of our investments. Roger has always been a very vocal advocate of this approach, which reflects a core value of Peakside that will continue. We all wish to thank Roger for his outstanding commitment, wisdom and comradeship over the years and look forward to his continuing involvement.”
For further information:
Dido Laurimore/Claire Glynn Tel: +44 20 3727 1305
Notes to editors:
Peakside Capital (Peakside) is a specialist European real estate private equity firm. Peakside is owned by its employees and was established following a spin out of the European Real Estate Principal Investments (EMEA REPI) division of Bank of America Merrill Lynch (BofAML) in September 2010. As of Q2 2014, Peakside managed investments across five different European countries, totalling over €1.8 billion in gross asset value.
Peakside provides fund management and investment advisory services for managed portfolios which include its four real estate funds and a significant number of separate investments:
- Peakside Real Estate Fund I (PREF I), a pan-European opportunistic fund with EUR 261 million of capital commitments, is focused on active asset management opportunities across Europe;
- Peakside Real Estate Fund II (PREF II), a opportunistic fund which is focused on active asset management opportunities in Germany, and;
- Polonia Property Fund I and Polonia Property Fund II, core funds with c. EUR 160 million of capital commitments, managed by Peakside Polonia Management (PPM), Peakside’s Polish subsidiary, which are focused on core and core plus opportunities across Central and Eastern Europe; and
- Two separate managed accounts for a sovereign wealth fund and a large investment management firm.
With offices in Germany, Switzerland, Poland, Czech Republic, Luxembourg, and the Cayman Islands, Peakside currently has 28 professionals. Peakside’s team has worked successfully together for a number of years, investing across a range of transactions, investing across asset classes ranging from direct single assets and portfolios to distressed debt and private equity investments in real estate operating companies. The firm’s management has a strong track record of delivering outstanding results across the sector.