Laurent Halimi and his team found Osae Partners

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30/07/2018

After launching and developing real estate fund management at Weinberg Capital Partners over the past eleven years, Laurent Halimi and his team joined forces to found Osae Partners, an independent investment and asset management company.

Within WCP, the team has historically raised and invested two asset enhancement funds (WREP#1 and WREP#2) and created a program dedicated to the development of senior residences.

WREP#2, which represents almost 400 M€ of assets under management, will see its governance unchanged, with WCP and Osae taking part in decision-making within its committee, and will be managed by Osae as asset manager. WCP will continue to manage the senior residences program alone, with €100 million in assets under management, with Osae acting as asset manager until a new team is put in place. Two transactions have also been secured and structured as club-deals by the Osae Partners team during this transition period. Their acquisition is scheduled before the end of the year.

Osae Partners plans to raise a new fund in the coming months, Osae Real Estate Partners #1, with a target of €250 million. Dedicated to the French market, OREP#1 will invest in office, retail, hotel and residential properties, in complex transactions with potential for value enhancement or transformation.