Insights

Webinar: Real Estate – Rupture & Recovery, Risks & Returns

Our sixth webinar of the Impact Investment Funds series will explore the sector of real estate, ranging across the property spectrum with regard to impact. The recording for this live webinar event is now available to watch on demand.

November 27, 2020

One of the unsung heroes in the impact investment fund category are those which are property based. Whereas the venture capital-oriented funds have received the greatest amount of public attention, a significant amount of capital has been raised in funds that are achieving impact but are also backed by real assets.

The focus in this real estate area has been on both achieving impact by virtue of improving the energy efficiency of buildings, but an increasing amount of attention is now concentrated on the social dimension. The latter can relate to how the building is built, who has built it, its impact on the local community and the impact on tenants. Within real estate impact funds some have targeted social housing, affordable housing and affordable renting, but in addition there have been funds and corporate vehicles established, which have been property-backed, that concentrate on the commercial real estate sector.

A wide variety of players have been attracted to this market, and this panel seeks to bring their differing views and perspectives to the surface. Given the global nature of property investment, the panel also comprises a range of national perspectives.

Shamez Alibhai is Head of Community Housing and Portfolio Manager at Man Global Private Markets (‘Man GPM’) and is a member of Man Group’s Responsible Investment Committee. He is responsible for managing the Man GPM RI Community Housing Fund and leading the business, team and strategy.

Prior to joining Man GPM in January 2019, Shamez spent 12 years at Cheyne Capital, where he was a partner and portfolio manager of the UK’s first institutional affordable housing strategy. He previously co-ran the firm’s real estate debt business. He has also worked at Credit Suisse, where he was responsible for the mortgage loan trading platform, and at Barclays where he was a senior structurer.

Shamez holds Master’s degrees from Yale University and McGill University.

Juan joined Patron in April 2015 and has responsibilities including origination, execution, structuring, financing, due diligence and asset management. To date, Juan has been involved in investments in multiple asset classes (particularly residential sector) as well as in asset-backed operating companies and corporate investments. A key aspect of her role is one of the team leaders in social impact investing initiative at Patron, including a key focus on social and affordable housing. She previously worked in Telereal Trillium, where she worked at the Business Modelling team. Juan graduated from Cambridge University (BA) and also holds a Master’s Degree in MSc. Real Estate Investments in Cass Business School.

Rod Schwartz is CEO and Founder of ClearlySo, with a background in equity research, management, investment banking and venture capital. Joining Wall Street in 1980, he rose to become the number one ranked financial services analyst at PaineWebber and then held senior management posts at Lehman Brothers and Paribas, before leaving the sector in 1997 to found the fintech-oriented VC firm Catalyst. A pioneer in the impact investment marketplace, he transformed Catalyst into a social business consultancy, which in 2008 morphed into ClearlySo, a business designed, “to help create 100 Justgivings”. This seemed an exciting new style of company, which achieves significant impact as well as great financial returns.

Arnie focusses on RHV’s investment strategy and portfolio growth. He previously built the corporate venture arm of FTSE listed Capital & Counties and was a senior executive at Bloomsbury AI ($30m+ exit to Facebook), The Collective (>$400m in debt & equity financing) & Rocket Internet’s HelloFresh ($2.5bn IPO). He is frequently featured in the media: Wired’s 100 Most Influential People in Technology and was Forbes 30Under30 in 2016. He is an active angel investor in European startups and has advised the European Commission’s Startup Europe initiative. He is a graduate of Imperial College London and continues to have an active interest in the intersection of deep science, technology and human behaviour.