Posted By Gbaf News
Posted on July 4, 2018
Round Hill Capital (“Round Hill”), a leading real estate investment, development and asset management firm, announces that Dyal Capital Partners (“Dyal”), a division of Neuberger Berman, has made a strategic minority investment in Round Hill.
Commenting on the investment, Michael Bickford, Founder and CEO of Round Hill Capital, said:
“We are delighted to welcome Dyal as a strategic partner in Round Hill Capital. This is an important milestone in the growth of the firm and marks an important new phase of Round Hill’s global expansion plans. We are proud to be partnering with Dyal, which has a successful record of backing best-in-class investment managers.
This investment allows Round Hill to continue to strategically focus on penetrating its existing real estate markets alongside our institutional investor base and to continue to expand into new sectors and global geographic locations. Our target remains to grow Round Hill to be one of the pre-eminent global real estate investment firms.”
Under the terms of the transaction, Dyal has acquired a passive, non-voting, minority stake in the firm. There will be no changes to Round Hill’s strategy, investment process or day-to-day operations.
Michael Rees, Head of Dyal Capital Partners, added:
“Round Hill has built a market leading global real estate platform with a long-term proven track record of sourcing and structuring exceptional real estate investments. With Dyal’s permanent capital investment and our business platform resources, we believe Round Hill will be able to further enhance its market position as one of the leading global real estate investment managers. We look forward to long and productive relationship with the Round Hill team.”
The terms of the transaction are private and are not publicly disclosed.
Evercore and PWC acted as Investment Advisors. Simpson Thatcher & Bartlett LLP served as legal counsel to Round Hill Capital. Fried Frank served as legal counsel to Dyal.