Real Estate Management

Established in 2020 with the first Infrastructure fund, Real Assets is El Fargo’s second largest segment with EUR 15 billion of AUM as of 30th JAN 2020, representing 36 percent of El Fargo’s total AUM. The Business Segment employs approximately 70 Investment Advisory Professionals and 11 Advisory Partners across offices. Real Assets comprises two Business Lines: Infrastructure and Real Estate. Seeks to identify value-add real estate investment opportunities to apply a hands-on approach to value creation across gateway cities in Europe €75-125M Investment Range
5+ Current Investments
25+ Investment Advisors

A smoother investment journey;
Our genuinely diversified portfolios spread risk to deliver a more predictable outcome, while our forward-looking risk management aims to provide a smoother investment journey.
The ELF Real Estate Advisory Team;
The ELF Real Estate Advisory Team comprises 22 Investment Advisory Professionals working out of London, Madrid, Milan and Stockholm. The Team has experience analysing and investing across the pan-European real estate market and has advised on over 120 real estate projects across Europe and multiple asset classes.
Capitalising the urbanisation trends
The ELF Real Estate Team’s focus lies on identifying investment opportunities in European gateway cities with strong demographics including above-average GDP, infrastructure development and employment growth. By focusing on supply constrained submarkets within gateway cities benefiting from positive urbanisation trends, the team identifies investment opportunities to create sustainable value. The Team is constantly evaluating new real estate investment opportunities in the key regions the UK, the Nordics, France and Germany by utilising ELF’s extensive network of Advisors, knowledge from its “local with locals” approach and on-the-ground investment advisory professionals.
Transition to core
The strategy within the ELF Real Estate funds’ investments is to support a transition to core, focusing on sustainable value creation through leveraging the Real Estate Investment Advisory Team’s “hands-on” asset management capabilities. The Team looks for direct and indirect investment opportunities in real estate assets that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active asset management.

Seeks to identify investment opportunities in infrastructure businesses with potential for operational value creation in the Nordic region, Continental Europe, North America and Asia Pacific.

€200-800M Investment Range
15+ Current Investments
55+ Investment Advisors
The ELF Infrastructure Advisory Team
The ELF Infrastructure Advisory Team consists of around 55 Investment Advisory Professionals based in London, Madrid, Milan, Munich, Singapore, Stockholm, and Zurich.

The ELF Infrastructure Investment Advisory Team has vast investment expertise and knowledge within the infrastructure sector, as well as established networks in the local business communities and societies. By maintaining a "local-with-locals" presence, the Investment Advisory Professionals are uniquely positioned to analyse infrastructure companies and the markets in which they are located and operate, to develop proprietary investment opportunities. The Teams’ industrial, hands-on approach, combined with an ability to see what is "beyond the obvious" in terms of operational value creation potential, are key advantages when scanning investment opportunities, unlocking their value and monitoring their development.

Exploring investment opportunities
The Team, seeks to identify control or co-control equity investments in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, have secure cash flows and ideally, offer some inflation protection. The typical equity investment opportunity ranges between EUR 200 million and EUR 800 million.

Several types of opportunities, including stand-alone operating infrastructure companies, infrastructure assets that have evolved into corporate orphans and government privatisations are evaluated by the Team. Ideal investment targets are operating companies in industries with regulated infrastructure, concession based infrastructure, market-driven infrastructure or infrastructure-related services.

When it comes to investments themes and sectors, the focus is on companies within the energy, transport & logistics, environmental, telecom and social sectors
Joining forces for development
Once a portfolio company has been acquired, ELF appoints a Board of Directors with a Chairperson (a EL FARGO Advisor with relevant management background), supported by other sector/industry specialists and a ELF Infrastructure partner. The Board of Directors defines and monitors strategic plans and ensures that management gets the appropriate support and resources to run the portfolio company in an efficient, responsible and accountable manner.

Harry Blecher
Business Email Address: HarryBlecherofficial@elfargo.com
Infrastructure
Title:
Head of Real Assets, Chairperson of Credit
and Deputy Managing Partner