Harrison Street Expands Portfolio with RoundShield Partners Acquisition
Harrison Street Asset Management, the investment management branch of Colliers, has significantly broadened its investment landscape by acquiring a majority stake in RoundShield Partners. This strategic move enhances Harrison Street's European reach and solidifies its presence in the credit investment sector.
Details of the Acquisition
RoundShield, a prominent player in the European credit investment arena, brings $5.4 billion in assets under management to Harrison Street's portfolio. The firm specializes in asset-backed capital solutions that span across various sectors including real estate, infrastructure, and specialized financial assets.
As part of this transaction, Harrison Street has effectively secured a 60% equity interest in RoundShield from its management team and a third-party financial investor. This acquisition preserves the commitment of RoundShield's senior management, who will maintain their leadership roles in guiding the firm's strategic direction.
Comments from Leadership
Christopher Merrill, Global CEO of Harrison Street, highlighted the importance of this partnership by stating, "This transaction marks a pivotal step for Harrison Street, adding credit capabilities in Europe and creating a pathway for continued innovation across our platform." He also conveyed that RoundShield's experience in sectors like student housing and hospitality presents immediate opportunities for collaboration, emphasizing the exciting prospect of scaling combined operations in these markets.
Driss Benkirane, Founder and Managing Partner of RoundShield, expressed his enthusiasm for the new partnership, noting, "We are thrilled to partner with Harrison Street, a globally respected leader in real asset investing that we have known for many years. Their investment is a strong endorsement of our team and platform." This sentiment reflects the strategic alignment and shared values between the two firms, positioning them to accelerate growth and deliver substantial risk-adjusted returns.
Strategic Impact and Future Outlook
This acquisition not only reinforces Harrison Street's existing strengths but also broadens its suite of offerings for investors. By integrating RoundShield's expertise, Harrison Street can now provide differentiated strategies tailored to a diverse global investor base. This merger signifies a promising trajectory for both entities, enhancing their competitiveness in the alternative investment landscape.
Established in 2013, RoundShield has gained a reputable standing within the investment community by consistently delivering strong risk-adjusted returns across its diverse portfolio. The firm has cultivated relationships with various global investors, including pensions, endowments, foundations, and family offices, making it a highly regarded partner in the investment management sector.
About Harrison Street Asset Management
Harrison Street Asset Management is recognized as a leading global alternative investment management firm, managing over $100 billion in assets across multiple sectors, including infrastructure, real estate, and credit strategies. With headquarters located in Chicago and Toronto, the firm extends its operations worldwide through an extensive network of offices. Harrison Street prides itself on offering innovative investment solutions for nearly 900 institutional investors and more than 10,000 private wealth investors.
Acknowledgments and Recognition
Over the years, Harrison Street has garnered significant accolades, including being named as one of the Best Places to Work by Pensions & Investments multiple times. The firm has also accumulated 16 awards from PERE, including the prestigious title of Alternatives Investor of the Year – Global in 2024. This track record underscores the firm’s commitment to excellence in investment management.
About Colliers
Colliers, a global diversified professional services and investment management company, operates under three prominent platforms: Real Estate Services, Engineering, and Investment Management. Over three decades, Colliers has consistently provided substantial returns to its shareholders, driven by a unique partnership philosophy and a robust internal culture geared towards growth.
With almost $5 billion in annual revenues and a dedicated team of 23,000 professionals, Colliers is committed to enhancing the success of its clients and investors around the globe.
Frequently Asked Questions
What is the significance of Harrison Street's acquisition?
This acquisition significantly strengthens Harrison Street's position in the European credit investment sector, allowing for greater collaboration and innovation.
What is RoundShield Partners known for?
RoundShield Partners is recognized for its expertise in asset-backed capital solutions across real estate, infrastructure, and financial assets.
What percentage of RoundShield did Harrison Street acquire?
Harrison Street acquired a 60% equity interest in RoundShield.
Who will continue to lead RoundShield after the acquisition?
The senior management team of RoundShield will continue to lead the business after the acquisition.
What distinguishes Harrison Street in the investment industry?
Harrison Street is distinguished by its emphasis on alternative investments, managing over $100 billion in assets and offering innovative solutions for a diverse investor base.
