Ex-InfraRed team launches Harleyford Capital with investment from Fiera Real Estate.
Dean Harrison and Thomas Mallindine, former directors at InfraRed Capital Partners, have launched Harleyford Capital, a newly formed real estate investor and developer, where they will be joined by a third former InfraRed employee, Zayn Khamisa. Fiera Real Estate UK Limited (“FRE UK”), an affiliate of global investment manager Fiera Capital Corporation which has over $117bn in AUM has become a minority shareholder in Harleyford Capital.
Harrison, Mallindine and Khamisa have over 25 years of combined experience managing discretionary capital at leading private equity and investment management businesses where they transacted over £2bn of pan-European real estate.
During their time at InfraRed, the team were responsible for originating, executing and managing a series of real estate private equity investments with a focus on the logistics, residential and mixed-use sectors. Recent realisations include the pan-European Urban Logistics platform disposal to Blackstone Managed Funds for £250m in 2021.
Harleyford Capital aims to become a market-leading investment partner targeting well-located, ESG-focused and best-in-class assets backed by structural trends, science or technology (New Economy Real Estate). The team will be placing particular focus on the logistics sector to begin with, taking advantage of the recent market correction to access high-quality oversold income.
Thomas Mallindine, Head of Asset Management at Harleyford Capital commented,
“We believe that our discretionary fund management background and mindset gives us an edge when assessing and delivering investment opportunities, and we are hugely excited about providing a best-in-class service to FRE UK and our other investment partners”
Harleyford Capital is looking to work with a small number of investment partners and boasts immediate access to capital through the Fiera Real Estate Logistics Development Fund UK, which FRE UK launched earlier this year. The Fund was launched to exploit the opportunities within the logistics development market that have been brought on by the demographic shifts, technological progression and changing customer expectations. The Fund completed its first close in June and has £180m available for immediate investment.
Dean Harrison, Head of Investment at Harleyford Capital commented,
“FRE UK bring immediate access to balance sheet capital and discretionary equity capital for logistics development, alongside a highly respected institutional framework and investment process. This creates the perfect opportunity for Harleyford Capital to hit the ground running at an interesting time within the market cycle.”
Charles Allen, Head of UK Real Estate at FRE UK commented,
“I am really excited to announce our investment into Harleyford Capital. The current market, whilst evolving, will expose numerous opportunities and I know the Harleyford Capital team has extensive experience and the skillset required to maximise on these. The market downturn represents an excellent opportunity to start a new business.”
8th November 2022
For further information contact our team.
About Harleyford Capital
Harleyford Capital was founded in 2022 by Dean Harrison, Thomas Mallindine and Zayn Khamisa who previously worked together at InfraRed Capital Partners where they were collectively responsible for transacting over £2bn of pan-European real estate. Harleyford is committed to becoming a market leading investment and development partner within New Economy Real Estate.
About Fiera Real Estate
Fiera Real Estate is an investment management company with offices in North America and Europe and globally manages over USD5.9Bn AUM as at 31st December, 2022. The UK division provides direct real estate investment opportunities to institutional investors and high-net-worth investors and has a 30-year track record of delivering returns. The business combines a UK investment management platform and an operating platform through a minority shareholding in nine property companies. The firm’s vertically integrated business model has created a pan-UK platform of partnerships that allows investors to access some of the best deal flow and entrepreneurial managers within the centralised framework provided by Fiera Real Estate.
Fiera Real Estate is wholly owned by Fiera Capital Corporation, a leading independent global asset management firm with more than USD121.4Bn as at 31st December, 2022. Fiera Capital provides Fiera Real Estate with access to global investment market intelligence, which enhances its ability to innovate within a framework that emphasizes risk assessment and mitigation.
