Arrow Global Announces Full Acquisition of Maslow Capital
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The acquisition expands Arrow’s direct lending capabilities in real estate debt
London, 23 August 2023 – Arrow Global Group Limited (‘Arrow Global’), a leading European vertically integrated asset manager specialising in credit and real estate, today announced the full acquisition of Maslow Capital, a leading provider of real estate finance. Today’s acquisition follows Arrow Global’s initial purchase of a significant minority stake in December 2021 and a 20-month period of successful collaboration that has seen the significant expansion of Maslow Capital’s loan book.
Founded in 2009, Maslow Capital has built an exceptional track record in originating, underwriting, and servicing specialist real estate loans ranging from £10 million to £300 million. Maslow Capital’s steadfast support for enterprising developers — from SME house builders to complex, large-scale projects undertaken by some of the UK’s most respected developers — has played a pivotal role in the successful completion of real estate projects valued at over £5.1 billon (€5.9 billion), resulting in circa 17,500 units across 257 projects.
Consistent with Arrow’s philosophy of owning platform businesses at the general partner level, this acquisition strengthens Arrow’s Lending Opportunities strategy and complements its existing investment activities across opportunistic credit and real estate. While the acquisition expands Arrow’s direct lending capabilities in the UK, it also enables Maslow Capital, which will continue under the leadership of Chairman Marc Rose and CEO Ellis Sher, to significantly expand its operational reach across Europe by leveraging Arrow’s extensive European asset management and servicing network.
Asset-backed private credit has become increasingly appealing to investors due to the protection afforded by real estate collateral whilst delivering attractive risk adjusted returns as interest rates remain elevated. Notwithstanding a higher interest rate environment, housing demand in many parts of Europe outstrips supply and Arrow continues to seize investment opportunities in markets that display that core characteristic.
Today’s announcement reinforces Arrow’s ongoing commitment to the real estate sector, including its recent acquisitions of Eagle Street Partners, a real estate asset manager and developer mainly focused on the UK and Ireland, and Blue Current Capital, an ESG-focused real estate asset manager dedicated to developing electric vehicle charging hubs across the UK and Europe. This latest acquisition further augments Arrow’s ability to generate sustainable value throughout market cycles across a range of alternative asset classes.
The investment in Maslow Capital comes after it delivered a record year on all metrics, further enhancing Arrow’s existing UK platforms which include Eagle Street Partners, Blue Current Capital, Drydensfairfax and Bergen Capital. With this addition, the Group now owns 18 specialist asset management and servicing platforms across five European markets.
Zach Lewy, Group CEO and CIO of Arrow Global, said: “Arrow invests across European geographies, asset classes and positions in the capital stack. To execute this strategy, we have developed our geographical and asset class expertise. Maslow is an accretive addition to our existing direct lending strategy which includes specialist mortgage and term products through RNHB. Being part of the Arrow platform will allow Maslow to expand its services across Europe. We are delighted to announce the full acquisition.”
Marc Rose and Ellis Sher, Chairman and CEO of Maslow Capital, jointly said: “We look forward to leveraging Arrow’s deep platform capabilities across Europe and to develop Maslow into a leading pan-European real estate finance provider. This acquisition marks the beginning of our broader strategy to offer adaptable, innovative, and timely real estate financing solutions throughout Europe’s living sectors, using Arrow’s extensive resources and capital to create value for all stakeholders.”
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For further information:
Arrow Global
Nick Jones
Director, PR and Communications
+44 (0) 7545 059 442
Maslow Capital
Richard Wojcik
Head of PR and marketing
+44 (0) 7584 257 804
Arrow Global Group
Arrow Global is a leading European vertically integrated alternative asset manager specialising in European private credit and real estate.
Founded in 2005, we own 18 best-in-class asset management and servicing platforms which allows us to enhance operational efficiencies and maximise the value of underlying assets which in turn allows us to have a disciplined investment approach, underwriting insight and proprietary dealflow. This vertically integrated advantage allows us to create sustainable value throughout market cycles across a range of alternative asset classes including Real Estate, Direct Lending and Opportunistic Credit.
With the added benefit of key European regulatory licences, we service approximately €70 billion of third-party AUM. Our strong track record, predominantly with real estate asset backed investments, spans across a broad range of opportunities, involving more than €8 billion invested over the last 18 years.
We operate across five European geographies with headquarters in London, and a further 14 offices including Milan, Rome, Lisbon, Porto, Amersfoort, Luxembourg, Dublin, Manchester, Leeds, and Jersey.
About Maslow Capital
Established in 2009, Maslow is a leading provider of real estate development finance, offering flexible funding solutions for professional developers across the UK’s “Living Sectors” including purpose-built student accommodation, co-living, build-to-rent, residential and senior living.
We pride ourselves on consistent delivery and developing long-term relationships with high quality introducers and developers.
With our dedicated lending desks, that understand the intricacies of each real estate asset
class, our borrowers can be assured that they will be fully supported by a highly experienced
team throughout their development projects.