1 April 2019
Man Group, the global active investment management firm, is pleased to announce the appointment of Jon Rickert as Head of European Private Debt to support the ongoing expansion of its global private markets business, Man GPM. Jon will lead the commercial and residential real estate debt team as it expands its activity in key euro-denominated real estate markets and seeks to capitalise on lending opportunities.
Jon joins from GAM where he led the real estate debt business for the last three years. He has a long track record of real estate debt and equity investing established over a 26 year career, having spent 15 years at JP Morgan where he was one of the original members of their direct loan origination team. During his tenure there, he served as head of the real estate structured finance business in EMEA, and ran both the EMEA special situations investing business and the UK residential mortgage business. In 2012, he joined Renshaw Bay as managing partner and founded their real estate debt investment business.
Mikko Syrjänen, Co-Head of Real Assets, Man GPM said:
“We welcome Jon to our global real estate debt team where he will lead the European business. He brings a wealth of real estate financing experience with him and we are confident that he will be of significant value in driving the growth of our European lending activities. We are excited about the potential investment opportunities that await the team and our firm under his guidance.”
Jon Rickert, Head of European Private Debt, Man GPM said:
“I am excited to be joining Man GPM and to become a part of its compelling growth story. What attracted me was our shared emphasis on conservative investment positioning given we are in a late stage of the cycle. Senior secured real estate loans, particularly in the euro-area, may offer a defensive credit investment for institutional clients and present significant benefits over liquid fixed income.”
Man Global Private Markets (“Man GPM”) focuses on investments in private markets including real and corporate assets across the capital structure globally, and seeks to generate alpha through an entrepreneurial approach within a robust institutional framework. The real assets business of Man GPM specialises in private real estate equity and unlisted real estate debt, with $2.5 billion of assets under management as of December 31, 2018 and teams in the US and Europe. The business has invested a total volume of over $4.0 billion in real estate debt across residential, office, industrial and retail sectors, with a focus on financing core plus and value-add projects.*
* Total volume of credit approved loans since inception of the strategy