British wealth manager Kingswood has partnered with Moor Park Capital Partners, a real estate investment manager regulated by the Financial Conduct Authority.
The tie-up is aimed at strengthening Kingswood’s alternative investment product suite.
With the move, the wealth manager intends to deliver core real estate investment options to both existing and future customers.
Moor Park offers acquisition, asset and property and facility management, leasing, as well as financing services, among other services.
The business manages around £1.3bn in real estate assets.
Together, the two firms have £3.3bn in assets under management.
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By GlobalDataKingswood group CFO Patrick Goulding said: “We are delighted to expand our alternatives offering so soon after Richard’s arrival through this relationship, given Moor Park’s proven track record of outperformance for investors across multiple real estate sectors and market cycles.
“In order for Kingswood to deliver our strategy, we are focussed on partnering with best in class managers to provide our global client base access to high quality investment products capable of generating recurring, sustainable, long term investment returns.”
The latest move comes shortly after Kingswood’s appointment of Richard Klein, an ex-Merrill Lynch banker, as its alternatives and distribution head.
The firm had other management changes in this year as well.
Earlier this month, the firm appointed Najib Canaan as its new US CEO.
This January, the firm named Gary Wilder as its new CEO, replacing Marianne Ismail.