European real estate investor Blackbrook Capital and investment firm Cain International have announced plans to merge.
The merged entity will operate under the Cain International name and bring the firms’ combined assets under management to more than $17bn.
The Blackbrook and Cain teams will work from a new global HQ at 72 Welbeck Street in London, and under the new structure Blackbrook will continue operating as a subsidiary of Cain and the Blackbrook portfolio will be managed by Cain’s investment adviser.
Blackbrook’s focus will continue to be on future-proof supply chain infrastructure, with the investments team led by Jon Strang.
Arvi Luoma, co-founder and CEO of Blackbrook, will lead Cain’s European equity investment strategies, reporting to Jonathan Goldstein, CEO of Cain.
Goldstein (pictured) said: “This is an exciting milestone in the ongoing growth and development of Cain’s business. We are confident that Blackbrook’s deep expertise will significantly bolster the firm’s strengths as we continue to expand our reach across the European alternatives sectors.”
Luoma added: “Since Blackbrook’s launch in 2020, we’ve built a strong track record of acquiring and developing mission critical net lease real estate, as well as class A logistics assets in core locations with material supply-demand imbalance. This next chapter is an exciting one and I, along with Gordon, look forward helping drive new synergies across the Cain and Blackbrook teams to further enhance and grow our combined pan-European strategies.”
