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BlackRock hires Rupert Gill to head European property debt

The asset management giant has appointed the former HPI executive as portfolio manager with the real assets division.

BlackRock has hired Rupert Gill as portfolio manager in the European real estate debt team within the real assets division.

In this newly created position, Gill will head the European real estate debt team and will be responsible for expanding BlackRock’s European commercial real estate debt business.

Most recently, Gill worked at Hatfield Philips International, now part of Situs, where he was responsible for establishing a debt advisory and transaction management business line. Gill joined HPI in September 2014.

Gill has 15 years of real estate debt transaction experience gained in the US, the UK and Europe, with roles in banking for ABN AMRO, Royal Bank of Scotland and Lloyds Bank.

Based in London, Gill will report into Dan Sefcik, global CIO of BlackRock’s real estate debt business.

In July, BlackRock held a first close on its UK Strategic Alternative Income Fund, which will invest in real estate debt, among other asset classes.

The offering raised £500 million (€564 million), the asset manager said.

After an initial four-year lock-up period, the vehicle, billed as a semi-open-ended product, will allow investors to withdraw capital each year during a liquidity window. The fund is aiming to provide an annual yield of 5 percent, through investments in infrastructure debt, renewable energy, long-lease property, private credit and real estate debt.