BrickVest, the London-based online real estate investment platform, has launched its second Employee Participation Fund (‘EPF’) in partnership with BEOS, the German commercial property specialist, part of the Swiss Life Asset Managers family since August 2018.
Belonging to the BrickVest Solutions product family, the innovative EPF is a co-investment fund that offers BEOS employees the opportunity to invest in their employer’s existing real estate deals alongside institutional investors securely through BrickVest’s pan-European platform.
The fund, which boasts €5 million in assets at launch, is managed by BrickVest, while the underlying asset, a €300 million higher yielding German real estate portfolio, is managed by BEOS.
This follows the successful launch of BrickVest’s first EPF for Beos in 2018.
The BrickVest EPF is a compelling employee incentive that helps Real Estate developers to attract and retain talents of the highest quality. Employees often generate attractive returns through their work for their institutional clients but are themselves unable to access these investments opportunities.
For the institutional investors, employee participation in the fund improves overall confidence and ensures greater liquidity in their investment. As such, the EPF structure uniquely ensures the alignment of interests of all three stakeholders.
Emmanuel Lumineau, CEO at BrickVest, commented:
“We’re delighted to be partnering with BEOS to launch our second EPF which benefits deal sponsors, investors and employees equally. BrickVest is fast cementing its place as the go-to solutions platform for European real estate sponsors. We look forward to working with other European real estate firms to put similar schemes in place and further democratise commercial property investment.”
Holger Matheis, Management Board at BEOS, said:
“We have decided to renew our trust in BrickVest for our second employee participation fund, making it accessible to a larger number of our staff. BrickVest has designed and executed all of the steps involved in structuring and managing the fund in a tailor-made and flexible way.”