Wednesday, September 30, 2015

Soros Buying Into Real Estate/Real Asset Investment Management Biz

"Real assets" is a catch-all term for agricultural land, timber, infrastructure etc.

From the Press Release (Sept. 24):

Tunbridge Partners Formed To Invest in Real Estate and Real Asset Investment Management Businesses 
Tunbridge Partners LLC ("Tunbridge" or "the Company"), a newly-formed asset management company focused on making minority equity investments in real estate- and real asset-focused investment managers, today announced that it has officially launched. Tunbridge is being formed by a management team led by Brian Finn, Chairman, and Sean Gallary, Portfolio Manager, and Hodes Weill & Associates, a real estate advisory firm with a focus on the real estate investment and funds management industry.  

Tunbridge is a perpetual life investment company backed by a strong institutional shareholder base. The business will be capitalized with approximately $500 million of shareholder capital from a consortium of investors led by Pine Brook, a private equity firm with deep experience building financial services businesses, and Quantum Strategic Partners Ltd., a private investment fund managed by Soros Fund Management LLC. Additional institutional investors are expected to include several US-based public and corporate pension plans.

Tunbridge will make investments, generally structured as minority equity interests, in investment managers focused on real estate and real assets across property sectors, strategies and geographies. In addition to providing capital, Tunbridge will provide strategic and operational support to its partner firms, including access to global institutional coverage and distribution services through its affiliation with Hodes Weill....MORE

Here's the SEC's amended Form D dated Sept. 16.