Erlangen, 15 April 2021 – Pegasus Capital Partners GmbH and KINGSTONE Capital Partners GmbH are combining their expertise in financing and fund management in a joint venture: KINGSTONE Debt Advisory GmbH (KDA) provides a platform for institutional debt investment strategies. The new company’s offerings are primarily aiming at savings banks (Sparkassen), cooperative banks (Volksbanken and Raiffeisenbanken), insurance companies and pension funds in the German market. KDA’s management team, consisting of KINGSTONE managing partner Dr. Tim Schomberg, Markus Mayer and Alexander Mohaupt, has many years of combined experience in institutional fund management.
“The philosophy of KDA will closely follow the Pegasus approach. In contrast to providers who are generic financial managers without real roots in real estate – or as we like to call it, ‘real estate DNA’ – we combine financing and investment expertise with a proven track record in real estate development,” says Dr. Matthias Hubert, managing partner of Pegasus Capital Partners, adding that KDA’s strategy specifically include a significant focus on ESG. “Ourbusiness partners are attaching even more importance to sustainability and transparent governance. ESG criteria will thus be firmly anchored in every KDA investment product.”
The launch of the first KDA fund is planned for June 2021, with an individual investment ticket size in the range of EUR 10 to 30 million. “With the establishment of KINGSTONE Debt Advisory, Pegasus and KINGSTONE are further expanding a strategic partnership which is offering real estate investment opportunities to institutional clients,” explains Dr. Tim Schomberg, managing partner and CEO at KINGSTONE Real Estate. “Following KINGSTONEInvestment Management, KINGSTONE Debt Advisory marks yet another major cornerstone in the strong KINGSTONE Real Estate group of companies. We build on our strength in institutional investment strategies with these new capabilities in the debt asset class. While the business models are distinct, they also share significant overlap, thereby offering our investing and real estate partners shared benefits and synergies. I am particularly looking forward to working together with my colleagues in the new management team, who I have known and worked with very successfully for years.”
About KINGSTONE Real Estate
KINGSTONE Real Estate is an owner-managed real estate investment management group founded by the Schomberg family and Pegasus Capital Partners which offers a wide range of investment products and a holistic approach for German and international institutional investors.
KINGSTONE Real Estate combines a top-notch real estate deal and project pipeline with the superb network of our senior management team among both providers and users of real estate capital. We maximise opportunities for our clients by pairing the proven capabilities and track record of strategic co-owner Pegasus Capital Partners as project developer and mezzanine specialist together with the Schomberg family’s decades of experience in the international and institutional real estate fund business.
More information available at: www.kingstone-group.de
About Pegasus Capital Partners
Pegasus Capital Partners is a real estate investment specialist based in the German city of Erlangen, near Nuremberg. In addition to providing equity and mezzanine capital, the company also directly supports new construction projects as well as development projects for existing structures. With the depth and combined breath of its expertise in project development, asset management and property management, Pegasus Capital Partners is involved in these projects holistically, thus going far beyond the role of a pure investor. The firm has to date participated in more than 45 projects representing a combined investment of over EUR 2 billion. Its focus is on projects and value-creating property investments in Germany’s top-tier metropolitan areas, in the most economically prosperous second-tier regions, particularly in southern Germany, and in the Austrian capital of Vienna.
More information available at: www.pegasus-cp.de
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