LONDON, May 13, 2024
/CNW/ - Arrow Global Group Limited ('Arrow Global'), a leading
vertically integrated alternative asset manager specialising in
credit and real estate, today announced the acquisition of Amitra
Capital Limited ('Amitra Capital') from Canada Pension Plan
Investment Board ('CPP Investments'). This acquisition
significantly expands Arrow's footprint in Spain and provides a foundation for future
collaboration with CPP Investments, focusing on both current and
prospective investment opportunities. CPP Investments retains its
current direct economic interest in all of the portfolios managed
by Amitra Capital.
Founded in 2019 and based in London and Madrid, Amitra Capital specialises in managing
European non-performing loans (NPLs) and real estate investments.
With assets under management (AUM) totalling
over €4.0 billion, Amitra has established a strong
presence in the NPL and real estate markets of Spain and Portugal.
Zach Lewy, Founder, CEO, and
Chief Investment Officer of Arrow Global, commented: "This
acquisition builds on our existing presence in Spain alongside our other operations,
including Elba Finance and Galata, it also sets the stage for a
broader strategic partnership with CPP Investments. We are excited
to extend our platform and servicing capabilities into this key
European market and look forward to expanding our partnership with
CPP Investments in providing access to investment
opportunities, expanding market presence, and delivering value to
our clients."
The acquisition includes a new five-year servicing agreement
between Arrow and CPP Investments, emphasising Arrow's commitment
to leveraging its expertise in asset management to enhance
portfolio performance. Key management personnel from Amitra Capital
will continue to lead the company, ensuring continuity and
stability in operations under Arrow.
Derek Jackson, Managing Director,
Head of European Credit, from CPP Investments, said: "The sale of
Amitra Capital to Arrow Global, and the establishment of a
long-term strategic partnership is centred on Arrow Global's
extensive knowledge and experience in real estate asset-backed
investments. We have built a strong asset management business in
Amitra Capital which is complementary and valuable to Arrow's
franchise, can access the scale and scope of their platform and we
look forward to seeing the combined business move from strength to
strength."
The acquisition of Amitra Capital not only expands Arrow's
existing operations in Spain but
also strengthens its role as a leading investment and servicing
capability in the Iberian market. Coupled with Arrow's leading
Portuguese platforms – Whitestar, Norfin, Restart Capital, Viriato
and Details Hospitality, Arrow will continue its strategy of having
deep expertise in key market segments, including primary and master
servicing, while also enhancing its capability to manage complex
credit and real estate investments on behalf of its investors
across Europe.
Arrow Global Group
Arrow Global is a leading European vertically integrated
alternative asset manager specialising in European private credit
and real estate.
Founded in 2005, we own 20 best-in-class asset management and
servicing platforms which enhance operational efficiencies and
maximise the value of underlying assets through disciplined
investment approach, underwriting insight and proprietary dealflow.
This vertically integrated advantage allows us to create
sustainable value throughout market cycles across a range of
alternative asset classes, including opportunistic credit, real
estate lending and real estate equity.
With the added benefit of key European regulatory licenses, we
service approximately €80 billion of third-party AUM. Our strong
track record, predominantly with real estate asset-backed
investments, spans a broad range of opportunities and has resulted
in more than €10 billion being invested over the last 20 years.
We operate across six European geographies with headquarters in
London, and have a further 15
offices including Milan,
Rome, Lisbon, Porto, Amersfoort, Amsterdam, Luxembourg, Dublin, Manchester, Leeds, and Jersey.
www.arrowglobal.net
About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a
professional investment management organization that manages the
Fund in the best interest of the more than 22 million contributors
and beneficiaries of the Canada Pension Plan. In order to build
diversified portfolios of assets, investments are made around the
world in public equities, private equities, real estate,
infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York
City, San Francisco, São
Paulo and Sydney, CPP Investments
is governed and managed independently of the Canada Pension Plan
and at arm's length from governments. At December 31, 2023, the Fund totalled C$590.8 billion. For more information, please
visit www.cppinvestments.com or follow us
on LinkedIn, Instagram or on
X @CPPInvestments.
SOURCE Canada Pension Plan Investment Board