$600mn
AuM
$1.2bn
of real estate acquired since 2013
83
properties
Investment Thesis
We employ a thematic approach to provide investors differentiated exposure to select niche strategies in lower-mid-market real estate, where we have high conviction and are below the radar of institutional investors across the US and Europe.
Track Record
Leveraging track record of QCP and team
Consistent approach to value creation
Entrepreneurial
Early/first mover advantage in sub-sectors within sector themes benefiting from secular trends
Middle Market
Less competition
Aggregation or improvement to manufacture core assets for institutions
Partner
Best-in-class operating partners leveraging own track record and capabilities
Execution Plan
Unique in combination of strategy and execution resources to scale and add value
Leverage broader QCP platform
Unique Access
Opportunity for institutional LPs to gain exposure to unique or highly access-constrained strategies
We focus on a repeatable ‘buy right-improve-sell’ strategy by:
Buy Well
Creatively sourcing attractive assets with improvement potential at the right price
Improve
Focusing on operational, management and capital improvements to add value
Sell
Continuously assessing capital markets and seeking opportunistic exits
- Our ecosystem extends beyond the dedicated real estate team with close relationships across PropTech, corporate, private equity, and debt spaces, thus providing access to proprietary information and off-market investment opportunities.
- Our flexible approach allows investors to construct portfolios across diversified funds, focused platforms, and direct co-investments.
- We are value-add real estate investors with proven experience in bringing efficiencies to operationally intensive transactions. We add value by offering growth capital and perspective to improve profitability and attract broader interest at exit.
- We closely follow macroeconomic developments and possess deep knowledge of regional markets. This enables us to anticipate market opportunities proactively, respond to challenges, and implement meaningful value improvements.
Our London-based professionals
Jordan joined Quilvest Capital Partners in 2022. He is an Associate of the Real Estate team and is based in London.
Prior to joining Quilvest, Jordan was at AIG Global Real Estate.
Jordan started his career at Cantor Fitzgerald and has also worked at Duff & Phelps.
Jordan studied at Cass Business School and the University of Cambridge, with degrees in Investment and Finance and in Real Estate Finance.
Deena Champaneria
Executive AssistantDeena joined Quilvest Capital Partners in 2023. She is the assistant of the Real Estate team and oversees the management of the London Office.
Prior to joining, Deena worked at Channel 4 News and the NHS.
David joined Quilvest Capital Partners in 2009. He is a Senior Advisor of the Real Estate team and is based in London
He is a professional strategic adviser focused principally on UK and international real estate. He is on the boards of both listed and unlisted companies in the UK and overseas, including as chairman of Dar Global plc and of Capital & Regional plc. He is also a Senior Adviser to ICG Real Estate, the global debt and equity house. He has previously been chairman of NR Nordic and Russia Properties and of South African Property Opportunities.
David qualified as a chartered surveyor in 1978 and had over 25 years’ experience as a fund manager, including as managing director of Aberdeen Asset Management’s € 8bn property fund business, before he set up his consultancy in 2005. He is a past president of the British Property Federation and was actively involved in the introduction of REITs to the UK. He was Honorary Swedish Consul to Glasgow for 20 years and is an Honorary Professor of real estate at Heriot-Watt University.
Michael joined Quilvest Capital Partners in 2020. He is Partner, co-heads the Real Estate team and is based London.
Michael has over 27 years of experience in real estate private equity, having worked in Europe, Asia and the U.S, and is the Global co-Head of Quilvest’s real estate investment activities, where he is responsible for executing direct real estate investments, managing the existing portfolio, and pursuing strategic initiatives.
He helped initiate the Morgan Stanley Real Estate Funds in Europe, working out of London and NYC. He was then a founding partner of Soros Real Estate (later Grove International Partners).
He built up the firm’s business in Asia which held 7 investment platforms with close to $2.0bn equity invested in commercial real estate, non-performing loans, hospitality, healthcare and retail. Michael was a member of the global investment committee and co chaired the firm’s partnership committee and fund management unit.
Michael currently serves at the board of the Hellenic Public Properties Co., the manager and developer of the real estate assets of the Greek State.
He received a BS in Management from the London School of Economics. He speaks English, French and Greek.
Andreas joined Quilvest Capital Partners in 2020. He is a Principal of the Real Estate team and is based in London.
Prior to joining Quilvest, Andreas was a member of the European investment team at Fortress Investment Group.
Prior to Fortress, Andreas worked at Harbert Management Corporation focusing on European real estate acquisitions.
Andreas started his career at Morgan Stanley in the investment banking division in London and New York.
Andreas graduated summa cum laude from the Wharton School and the College of Arts and Sciences at the University of Pennsylvania, with degrees in Finance and International Relations. He is married with two children.
Our Paris-based professionals
Marc Manasterski
Senior PartnerMarc joined Quilvest Capital Partners in 2008. He is a Senior Partner of the Real Estate team and a Real Estate advisor to the Executive Chairman of Quilvest Capital Partners. He is based in Paris.
Marc established and led Quilvest Real Estate until December 2018.
Before joining Quilvest in February 2008, Marc was for more than 7 years Alliance Hospitality Group CEO.
Prior to that, Marc enjoyed more than 20 years of direct experience in Real Estate development. As CEO of several private investment funds owned by banks or/and high net worth individuals.
Overall, Marc has directly managed the bulk sale, or, divestment process of clusters of assets representing transactions between US$ 50 Million and US$ 1Billion, totaling US$ 1,7Billion.
Before shifting to Real Estate, he started his career as a Marketing Planner and then Client Servicing Director. For 6 years, he covered the MEA region advising international clients including: Gillette, Johnson & Johnson, Unilever, British American Tobacco, Rowntree Mackintosh, Toyota Cars, Singapore Airlines.
Marc holds an H.N.D. in Marketing from the College for the Distributive Trades (London) and an MBA from INSEAD. He is married with two children.
Our New York-based professionals
Eli joined Quilvest Capital Partners in 2021. He is a Vice President of the Real Estate team and is based in New York.
Prior to joining Quilvest, Eli was a Senior Associate at Cerberus Capital Management within the Real Estate team.
Prior to Cerberus, Eli was an Investment Banking Analyst at Citigroup in the Real Estate & Lodging Group.
Eli graduated from Cornell University, School of Hotel Administration with a Bachelor of Science.
Michael E. Foster
Senior AdvisorMichael joined Quilvest Capital Partners in 2010. He is a Senior Advisor of the Real Estate team and is based in New York.
Mike has over 35 years of real estate investing experience in over 13 countries around the world. He spent 15 years at Morgan Stanley where he was the Global Head of Asset Management and the CEO of Morgan Stanley Properties for all the Morgan Stanley family of real estate funds ($90BN AUM).
Since retiring from Morgan Stanley in April 2008, Mike has provided consulting services on a variety of real estate projects to clients in Germany, France, Spain, Italy, Turkey, and the U.S.
He has also served as Senior Advisor to several PE Real Estate Firms such as GreenOak Real Estate, Lehman Bros. Estate, FREO Group, and most currently DEA Capital Real Estate and Highbrook.
Prior to joining Morgan Stanley, he worked in the Goldman Sachs Whitehall Funds in their Asset Management Group, was Director of Corporate Real Estate at TIE/Communications and prior to that was Vice President of Operations at Citibank.
Mike holds an MBA from Bryant College and a BA from Holy Cross College. He holds the IREM designation of CPM. He is also a retired Captain in the U.S. Naval Reserves.
Barry joined Quilvest Capital Partners in 2010. He is Partner, co-heads the Real Estate team and is based in New York.
Barry joined as one of the initial members of the real estate investment team and is a registered officer of Quilvest Securities (US Broker Dealer). As a senior member of the team, Barry sits on the Investment Committee and is responsible for executing direct real estate investments, managing the exiting portfolio, and pursuing strategic initiatives. During his tenure at Quilvest, Barry has acquired more than $1.8bn of real estate in the US and overseen the growth of the platform to more than $3bn globally.
Prior to joining Quilvest, Barry was a member of the investment team in DLJ/Credit Suisse’s Real Estate Private Equity Group since 2001, where he was responsible for acquiring and managing a diversified portfolio of opportunistic real estate investments totaling $1.3bn for their discretionary funds.
Barry graduated summa cum laude from the Wharton School at the University of Pennsylvania, with degrees in finance and accounting.
Noam joined Quilvest Capital Partners in 2019. He is a Managing Director of the Real Estate team and is based in New York.
Prior to joining Quilvest, Noam was a senior vice president in the Special Situations Debt Group at Clarion Partners LLC.
Prior to Clarion, Noam was a Senior Vice President at Westport Capital Partners LLC.
Noam graduated from Rutgers University (New Brunswick, NJ) with a double major in Economics & Finance.
Matthew joined Quilvest Capital Partners in 2020. He is a Senior Associate of the Real Estate team and is based in New York.
Prior to joining Quilvest, Matt was an Investment Banking Analyst in Houlihan Lokey’s Financial Restructuring Group.
Matt graduated summa cum laude from the Sy Syms School of Business at Yeshiva University with a degree in finance.
Real Estate Portfolio
- Investment Status: In portfolio
- Investment Date: October 2023
- Sector: Industrial
- Location: San Antonio, USA
- Investment Status: Unrealized
- Investment Date: December 2022
- Sector: Student Housing
- Location: Daytona Beach, USA
- Investment Status: Unrealized
- Investment Date: September 2022
- Sector: Multi-let Industrial
- Location: Loughborough, UK
- Investment Status: Unrealized
- Investment Date: July 2022
- Sector: Industrial
- Location: Athens, Greece
- Investment Status: Unrealized
- Investment Date: July 2022
- Sector: Industrial
- Location: Athens, Greece
- Investment Status: Partially realized
- Investment Date: December 2021
- Sector: Industrial
- Location: Jacksonville, USA
- Investment Status: Unrealized
- Investment Date: October 2020
- Sector: Office
- Location: Tampa, USA
- Investment Status: Unrealized
- Investment Date: December 2019
- Sector: Multi-purpose
- Location: Radolfzell, Germany
- Investment Status: Unrealized
- Investment Date: March 2019
- Sector: For-rent Residential
- Location: Philadelphia, USA
- Investment Status: Unrealized
- Investment Date: November 2018
- Sector: Healthcare
- Location: Washington D.C. (MSA), USA
- Investment Status: Unrealized
- Investment Date: November 2018
- Sector: Office
- Location: Brussels, Belgium
- Investment Status: Unrealized
- Investment Date: April 2018
- Sector: Office
- Location: Philadelphia, USA
- Investment Status: Unrealized
- Investment Date: March 2018
- Sector: Retail
- Location: Parma, Italy
- Investment Status: Unrealized
- Investment Date: December 2017
- Sector: Office
- Location: Paris, France
- Investment Status: Realized
- Investment Date: June 2017
- Sector: Retail
- Location: Germany, Bergisch Gladbach
- Investment Status: Realized
- Investment Date: May 2017
- Exit Date: December 2021
- Sector: Multi-tenant Industrial
- Location: Fort Collins, United States
- Investment Status: Realized
- Investment Date: February 2017
- Exit Date: April 2021
- Sector: Healthcare
- Location: Portland, United States
- Investment Status: Realized
- Investment Date: October 2016
- Exit Date: July 2022
- Sector: Office
- Location: Madrid, Spain
- Investment Status: Realized
- Investment Date: July 2016
- Exit Date: December 2019
- Sector: Office
- Location: Frankfurt, Germany
- Investment Status: Realized
- Investment Date: June 2016
- Exit Date: November 2019
- Sector: Office
- Location: Madrid, Spain
- Investment Status: Unrealized
- Investment Date: June 2016
- Sector: Office/Retail
- Location: New York, USA
- Investment Status: Realized
- Investment Date: April 2016
- Exit Date: April 2019
- Sector: Hotels
- Location: Various, Europe
- Investment Status: Realized
- Investment Date: December 2015
- Exit Date: March 2023
- Sector: Office
- Location: Mainz, Germany
- Investment Status: Realized
- Investment Date: December 2015
- Exit Date: August 2020
- Sector: Multi-tenant Industrial/Office
- Location: Atlanta (MSA), USA
- Investment Status: Unrealized
- Investment Date: September 2015
- Sector: Office
- Location: Dublin, Ireland
- Investment Status: Realized
- Investment Date: June 2014
- Exit Date: May 2019
- Sector: For-rent Residential
- Location: Various, USA
- Investment Status: Realized
- Investment Date: May 2015
- Exit Date: February 2019
- Sector: Multi-tenant Industrial
- Location: Various, UK
- Investment Status: Realized
- Investment Date: December 2013
- Exit Date: May 2017
- Sector: For-rent Residential
- Location: Various, USA
- Investment Status: Realized
- Investment Date: June 2013
- Exit Date: September 2016
- Sector: Office
- Location: New York, USA
- Investment Status: Realized
- Investment Date: June 2013
- Exit Date: January 2016
- Sector: For-rent Residential
- Location: Various, USA
- Investment Status: Realized
- Investment Date: September 2011
- Exit Date: June 2017
- Sector: Residential Development
- Location: Various, USA