Alceon Group and Freehold Investment Management to combine businesses
Money|Management
Oksana Patron
Apr 13, 2021
Freehold Investment Management and privately owned financier and multi-strategy investment manager, Alceon Group, have announced they have combined their businesses, with real estate funds under management increasing to over $2.5 billion.
This followed an acquisition of a 40% stake by Alceon in the Freehold business 18 months earlier and the companies had launched their first jointly-managed fund, the Freehold Debt Income fund.
The company said that its flagship Freehold Australian Property fund would continue to operate under the Freehold brand, while all debt strategies would be consolidated under the Alceon brand.
In a joint statement about the move, Trevor Loewensohn, managing director of Alceon, and Grant Atchison, managing director of Freehold, said: “We are very excited about the combination of our businesses. We have had an excellent working relationship for many years, which has been further developed over the past 18 months and combining the businesses provides us with a wonderful opportunity to further expand and enhance our investment capabilities and solutions for our clients”.
Following the merger, Atchison was appointed head of real estate funds management leading the development of the institutional and wholesale real estate funds management for the combined group. He would also assume responsibility for the management and operation of the Alceon Real Estate Senior Debt fund.
At the same time, Omar Khan, currently executive director and portfolio manager for the Freehold Debt Income fund, would be now head of wholesale capital, with responsibility for wholesale capital raising efforts and working with Atchison and the existing Alceon team to further develop and grow the business.
This article has been prepared and issued by Alceon Group Pty Limited (ABN 63 122 365 986, AFSL 345 692) (Alceon) and may contain general information. The information is intended for wholesale clients within the meaning of section 761G or 761GA of the Corporations act 2001 (Cth) (Corporations Act) and must not be made available to any persons that are “retail clients” for the purpose of the Corporations Act.
The information is current as at the date or preparation and is subject to change. The information does not consider the investment objectives, financial situation, or particular needs of any individual. Before making an investment decision, you should consider obtaining professional investment advice that considers your personal circumstances and read the relevant disclosure document to determine whether an investment is right for you.
Alceon does not guarantee repayment of capital or any particular rate of return. An investment may achieve a lower-than-expected return and investors risk losing some or all of their principal investment. Past performance is no indication of future performance. Alceon makes no representations or warranties, express or implied, as to the accuracy or completeness of the information it provides and to the maximum extent permitted by law, neither Alceon nor its directors, employees or agents accept any liability for any loss arising in relation to this information.