ARA Asset Management acquires majority stake in Europe’s Venn Partners

Mark Ebbinghaus, CEO of ARA Europe and Chairman of ARA Venn. Photo: ARA

Singapore-based ARA Asset Management has completed the acquisition of a majority stake in Venn Partners, a specialist investment manager in European real estate private debt, according to a press statement.

The European company, which will be renamed as ARA Venn, will combine the two companies’ expertise to establish a global real estate credit platform.

ARA will provide capital to drive Venn Partners’s expansion in the real asset-backed credit markets in the UK as well as broader Continental Europe and other geographies.

The acquisition of Venn Partners is ARA’s first venture into European real estate credit, noted Mark Ebbinghaus, CEO of ARA Europe, and the newly appointed chairman of ARA Venn.

“The real assets credit market is viewed as a positive space to be in, particularly for participants with committed undeployed capital, and those with established track record managing government programmes,” he added.

Ebbinghaus joins Venn’s existing management team, which continues to own a significant stake in the business.

Founded in 2009, Venn Partners has combined assets under management (AUM) and investment mandates of over £5 billion. Its current strategies comprise a UK government-backed lending programme into private sector rental housing, value-add strategies in the UK and European commercial real estate debt, and residential mortgage finance in the Netherlands.

Prior to the acquisition of Venn Partners, ARA had acquired a majority stake in UK-based Dunedin Property Asset Management in July 2019.

As at 31 December 2019, ARA had S$88 billion in gross AUM through its management of listed and unlisted real estate investment trusts (REITs) as well as private real estate and infrastructure funds in 28 countries. The company also operates a real estate management service division with local teams to manage its assets worldwide.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.