CR, the real estate asset manager which is expanding into lending and debt advisory, has bought a stake in a firm which provides specialist services to real estate and alternative sector investors.
The firm, Oxane Partners, was founded in 2013 by two former Deutsche Bank credit traders and has a team of 45 based across London and Delhi.
The two firms have signed an agreement through which Oxane will provide systems and technologies to support CR’s asset and loan management functions. The agreement will cover areas including analytics, reporting and business planning.
In addition, CR has bought an unspecified equity stake in the firm, which is understood to be a minority stake.
CR said that it also plans to open an office in Delhi, in order to carry out joint projects with Oxane and to create its own “centre of technological development”.
As part of its real estate debt drive, CR hired real estate banker Stéphane Adolf from Hypothekenbank Frankfurt, part of Commerzbank, in September. Adolf joined CR as managing director of special situations and mid-market lending, two areas of activity which the company is aiming to grow.
CR also recently hired former Citi banker Stuart Hoare to head the group’s debt advisory business. Hoare’s remit includes debt and equity advisory and placement across Europe.
“Oxane’s industry leading technology and services are the perfect combination with CR’s industry leading advisory and principal finance activities,” said Jacob Lyons, managing director and co-founder of CR.
“By leveraging an optimal mix of our domain expertise and proprietary technology platforms, we are uniquely positioned to deliver superior solutions and better serve global investment firms,” added Vishal Soni, managing director and co-founder of Oxane.