Capital Bay increases AuM and sees opportunities in privatization


Capital Bay increased its assets under management by 55 % to roughly €3.5bn last year. The total transaction volume came to €765mn, the Berlin firm states. In the funds business, new capital commitments were received for the open-ended Spezial-AIF CB Wohnimmobilien Deutschland. In 2019, the company intends to launch further open-ended Spezialfonds in the micro living, senior living, retail, office, and development segments. CEO George Salden sees double-digit yield opportunities in the privatization of existing housing in metropolitan regions. Further, the “temporary living” segment, which includes care facilities and assisted living, will also be expanded. As Capital Bay confirmed upon inquiry, that segment has been managed solely by Alexander Kersting since the beginning of the year. The working relationship with Co-Director Heiko Henneberg, who had switched from Corestate to Capital Bay together with Kersting in mid-2018, has been dissolved by mutual agreement.


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