Key Takeaways
- • Pictet Alternative Advisors has appointed Charles Baigler as head of private equity real estate acquisitions in Europe, according to IPE Real Assets and PropertyEU.
- • Baigler joined the Geneva-based firm last month, having spent five years at CBRE Global Investors as fund manager of the Europe Value Partners Fund Series.
- • The hire follows the launch of Pictet Real Estate Capital - Elevation I, a value-add direct property fund targeting 'smart' and gateway European cities, managed by a 14-person team under Zsolt Kohalmi.
- • Pictet Alternative Advisors manages around €2 billion of real estate as of December 2018 and employs close to 70 alternative investment specialists.
Summary
Pictet Alternative Advisors, the Geneva-based wholly owned entity of the Pictet Group responsible for hedge fund, private equity and real estate investments, has appointed Charles Baigler as head of private equity real estate acquisitions in Europe, according to IPE Real Assets. The appointment comes only weeks after the firm launched its maiden direct property fund.
Baigler joined the firm last month, it has emerged. Before Pictet, he spent five years at CBRE Global Investors, where he was fund manager of the company's Europe Value Partners Fund Series. Earlier in his career, he was head of European transactions for Global Investment Partners.
The hire follows the launch of Pictet Real Estate Capital - Elevation I, announced roughly three months earlier to pursue direct property deals in Europe. According to the firm, the strategy targets direct property assets in 'smart' and gateway European cities, which it said are at the forefront of economic digitalisation and benefit from favourable demographics driven by strong urbanisation trends. Elevation I will follow a value-add investment and management strategy and is run by a 14-person team under Zsolt Kohalmi, global head of real estate.
Pictet Alternative Advisors employs close to 70 alternative investment specialists and manages around €2 billion of real estate as of December 2018. The parent Pictet Group is headquartered in Geneva, employs more than 4,300 people and operates 27 offices.
Baigler joined the firm last month, it has emerged. Before Pictet, he spent five years at CBRE Global Investors, where he was fund manager of the company's Europe Value Partners Fund Series. Earlier in his career, he was head of European transactions for Global Investment Partners.
The hire follows the launch of Pictet Real Estate Capital - Elevation I, announced roughly three months earlier to pursue direct property deals in Europe. According to the firm, the strategy targets direct property assets in 'smart' and gateway European cities, which it said are at the forefront of economic digitalisation and benefit from favourable demographics driven by strong urbanisation trends. Elevation I will follow a value-add investment and management strategy and is run by a 14-person team under Zsolt Kohalmi, global head of real estate.
Pictet Alternative Advisors employs close to 70 alternative investment specialists and manages around €2 billion of real estate as of December 2018. The parent Pictet Group is headquartered in Geneva, employs more than 4,300 people and operates 27 offices.
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