A former partner of eBay co-founder Jeff Skoll’s family office has launched a new co-investing platform for family offices.
Basil Demeroutis, managing partner of the Family Office Real Estate Partnership and a former senior manager at Capricorn Investment Group, announced the initiative at international property show MIPIM in Cannes yesterday (6 March).
“It’s an alternative for families that would have traditionally invested in property funds or even those who might have gone it alone,” he told CampdenFB.
Under the new direct co-investing platform, Fore will find investments and carry out due diligence, as well as conduct negotiations.
It will also manage the asset and develop “it into an environmentally sustainable and financially profitable investment”, for less than half the cost of traditional funds, the company said in a statement.