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"Morley and Aviva Capital Management, two of the businesses that will form part of Aviva Investors, the global asset management business of Aviva plc (Aviva), are delighted to announce an agreement has been reached to acquire the assets of Madison Harbor Capital LLC. Madison Harbor is a US real estate investment firm focused on multi-manager and fund of funds.
Founders Ed Casal and Russ Bates, along with the rest of Madison Harbor's employees, will join the existing multi-manager team that reports to Nick Mansley, currently director of property strategy and indirect investment at Morley and who has overall responsibility for the global real estate multi-manager business. The new hires will grow the global real estate multi-manager team to 17 - located in New York, London and Singapore - providing on-the-ground property expertise focused on real estate multi-manager investing. Further resources to support client service and operations will be added as the business expands.
This marks a significant milestone in the transition to Aviva Investors and is in line with its goals to create a truly global multi-manager capability with the potential for global growth, and an entry into the US real estate investment market" (CS della Società).
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