Accord Group Announces Final Closing of First Institutional Commingled Fund Totaling $105 Million
The Accord Catalyst Fund will make strategic investments alongside real estate managers in the U.S. and Western Europe.
San Francisco, Calif., (November 14, 2022) – Accord Group, a global real estate strategic investment and capital advisory firm, has announced the final close of the Accord Catalyst Fund (the “Fund”), its first institutional commingled fund with approximately $105 million in equity commitments.
The firm established the Fund to catalyze the growth of real estate managers in the US and Western Europe by providing both strategic capital and capital advisory expertise, according to Desi Co, Managing Partner and Co Founder of Accord Group.
“Since 2014, Accord Group has created a reputation for being a reliable ‘one-stop shop’ for capital solutions,” says Co. “The Accord Catalyst Fund is emblematic of our efforts to be in a long-term ‘accord’ with sponsors, by providing access to capital in an increasingly challenging and complex environment while serving as a trusted advisor on their strategic and operational needs through multiple cycles. By combining these capabilities, we aim to deliver to real estate managers a faster path to becoming a dominant player in their area of specialization; for our investors, we aim to create a diversified portfolio of interests spanning an array of strategies, sectors, geographies and risk profiles.”
According to Paul Jackson, Managing Partner based in Accord Group’s London office, the Fund is comprised of institutional investors representing pension fund, sovereign wealth fund, and fund-of fund capital based in the US, UK and Europe.
“The Fund strives to align interests across all major stakeholders and facilitate a variety of mutual benefits, creating a level playing field for real estate managers, particularly those seeking to compete with larger, more established firms. We expect that our investors will benefit from Accord’s ability to identify real estate managers that are poised for exceptional long-term growth,” says Jackson.
To date, the Accord Catalyst Fund has completed four investment programs: in the US, targeting multifamily properties in gateway markets and, in the UK, retail-to-residential conversion and for-sale residential investments.
“The Fund’s investments are closely aligned with our thesis of focusing on high-quality real estate located in North America and Europe,” says Jackson. “In addition, our investors in the Fund, along with our investee managers, are attracted to Accord’s commitment to ESG and responsible investing. We prioritize the positive commercial and social benefits of strategies that embrace ESG initiatives and are committed to being responsible investors and good stewards of the environment and our global community.”
Since its inception in 2013, Accord Group has completed more than $12.7 billion in transaction volume, with a majority representing cross-border transactions.
ABOUT ACCORD GROUP
Founded in 2013, Accord Group Holdings LLC (“Accord”) is a global strategic investment and capital advisory firm. With personnel in San Francisco, Chicago, London, Munich, Hong Kong and Seoul, Accord seeks to catalyze GP business plans using a creative, “one-stop shopping” approach that harnesses both strategic capital and global capital advisory expertise to unlock complexity and build long-term enterprise value for sponsors. Accord Group has completed more than $12.7 billion in transaction activity, with a majority representing cross-border transactions.