View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 8, 2018updated 10 Jan 2018 6:40am

ASG Fund takes over fairvesta Group

A fund managed by ActivumSG Capital Management (ASG) has purchased fairvesta Group, a German fund platform for retail investors, for an undisclosed sum.

Founded in 2002 by the Knoll family, fairvesta manages 14 real estate funds for around 18,000 individual investors. The firm oversees nearly €800m in assets.

fairvesta will retain its existing management team even after its takeover by ActivumSG Fund V.

Commenting on the acquisition, ASG founder and managing partner Saul Goldstein said: “The acquisition of fairvesta highlights how we find new ways of accessing attractive investment opportunities.”

ActivumSG Advisory head of real estate Richard Wartenberg said: “We want to take fairvesta to the next level through this acquisition. We bring an institutional approach and asset management expertise from handling larger and more complex transactions.

“This will lift fund performance and allow fairvesta to offer attractive investment products in the German real estate market to its customers, ensuring the company continues on its growth path.”

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International