FundRock expands its footprint into French private equity and real estate sectors
Through a partnership with Jean Edouard Mazery, FundRock is set to drive expansion into the French private equity real estate sector
FundRock Management Company S.A. (“FundRock”), a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”) is to launch a new operation in France that will assist international investors in accessing alternative asset classes including private equity and real estate.
While already managing French funds under the Freedom to Provide Services (FPS) passport regime, FundRock has decided to bolster its presence in France by establishing a newly created French AIFM based in Paris, named “FundRock France AM”, subject to prior authorisation from the Autorité des Marchés Financiers (“AMF”).
Helping to spearhead FundRock’s expansion in France will be Jean Edouard Mazery who recently joined from Twenty First Capital, the European asset manager. The highly experienced executive will be initially based in Luxembourg and will relocate to Paris once regulatory approval from the AMF has been obtained.
Jean Edouard was previously Managing Director and Head of Real Estate at Twenty First, helping to create and develop the asset manager’s real estate fund management business, managing €2 billion in assets by the end of 2019.
Xavier Parain, CEO of FundRock, said: “We are excited about our expansion into France, which underlines our strategy of offering pan-European solutions to our clients. The timing of our expansion reflects increasing demand from international investors wishing to put capital to work in French alternative asset classes, where solid economic fundamentals and a supportive legal and regulatory framework are opening up a range of private equity and real estate opportunities.”