Aviva Investors creates £37bn Real Assets business
Aviva Investors has integrated its direct real estate, infrastructure and private debt businesses to create a platform with £37 billion of assets under management.
The formation of the unit, to be known as Aviva Investors Real Assets (AIRA), was in response to an expected doubling in global allocations to alternative strategies, including real assets and private debt, by 2025, the manager said.
The business would be led by chief investment officer Mark Versey, who would oversee about 300 staff across five cities, Aviva Investors said.
Also, AIRA would have full control over fund management, asset management, origination and distribution in its chosen markets, the manager said.
As a result of AIRA’s creation, Aviva Investors also said it has entered agreements to sell its Real Estate Multi-Manager business and its stake in Encore+, a pan-European commercial property fund, to LaSalle Investment Management.
Aviva Investors CEO Euan Munro said the move to integrate the manager’s real asset capabilities into a single platform “makes sense” for clients and was a key priority for the business.
“By focusing on our existing origination strengths in Europe and building out our product and global distribution capabilities, I am confident that we will establish Aviva Investors as a market-leading real assets platform,” Munro said.
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
