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.”