Three former members of Rockspring Property Investment Managers have launched a new London-based and European value-add real estate partnership called Evonite.
The founding partners of the business are CEO Paul Hampton, formerly head of international fund management at PATRIZIA; Charles-Nicolas Tarrière, partner, portfolio management, formerly managing director at PATRIZIA; and Kevin Muscat, partner, investments, formerly head of transactions at Mileway.
The team worked together for more than 10 years at Rockspring Property Investment Managers on the TEP value-add fund series, which between 2007 and 2022 invested €3.5bn into 14 European countries generating a 20% IRR per annum.
Evonite will “pursue a thematic investment strategy underpinned by deep macro research, occupational market dynamics, risk analysis and asset management opportunities”.
The partnership intends to share more details on its maiden fund programme and additional senior hires later this year.
Hampton said: “On behalf of Evonite’s partners, I am thrilled to be announcing the reunion of our established team. We are coming back together with a common purpose of putting our fund investors first at what is a pivotal time for our industry where market uncertainty is beginning to yield opportunity.
“United in our belief that working in partnership with each other, with our operators and most importantly, with our fund investors is fundamental to driving results, we are focused solely on performance, not AUM growth or transaction size. We want to provide strong performance even in poor vintages. We look forward to sharing more information about Evonite over the coming months and welcoming additional partners as we gear up to our maiden fund programme later this year.”
