Three of Capmark’s former European property finance team have joined hedge fund Chenavari over the summer. Andrew Haines, Sam Mellor and Duncan Elley will source real estate deals for Chenavari’s ABS Toro Fund.
It is their third move since leaving Capmark: they worked on a potential mezzanine fund at Evans Randall before moving to boutique Etesian Capital Partners in 2010. Their first investment for Chenavari is a €7m mezzanine loan secured on German retail and multi-family housing. Haines has also advised Edinburgh House in negotiations with subordinate debt-holders Natixis and BlackRock on refinancing and extending a €440m loan backing the Natixis-led Infiniti SoPrano CMBS deal.