Return to search

JER beefs up asset management team following €809m fund close

The firm has made a London hire to help manage the 13 investments made so far for JER Europe Fund III.

US private equity real estate firm JER Partners has appointed Eduardo Noguera to join the European asset management team as vice president.

The former Henderson Global Investors pro will be based in London, where 28 real estate professionals are currently based.

The appointment follows closure of JER’s third and largest European fund, JER Europe Fund III, which closed in June on €809 million ($1.1 billion) of commitments.

“We have raised a substantial amount of capital which we are in the process of investing and felt we needed to further strengthen our asset management capabilities with European talent,” Malcolm Le May, president Europe, said in a statement.

Alastair Bell, director for asset management, added: “Our latest fund has already made 13 investments across Europe all of which require intensive asset management.”

The latest deal announced by JER in Europe came at the end of June when it revealed the fund had acquired a 30.5 percent holding in Belgium developer Compagnie Immobiliere de Belgique for €47.8 million.

JER has also been busy hiring staff around the world recently. Earlier this month, the firm announced the appointment of Maria Kozloski as president for emerging markets opportunities and Marcelo Horcel as managing director of Latin American investments to source real estate acquisitions throughout the region.