May 25, 2023
Weil advised Yoo Capital Investment Management (Yoo Capital), the real estate investment firm formed by Yoo Capital Management and Astarte Capital Partners, on the final close of its second fund, Yoo Capital Fund II (YCFII).
YCF II is the first in a series of funds launched by a partnership between Astarte Capital Partners and Yoo Capital, a global institutional investor specializing in identifying and building best-in-class asset management businesses in the real assets space, it is one of only three U.K. real estate funds successfully raised and closed since 2020 and one of only 13 first-time opportunistic funds to have raised and closed globally between 2021-2023, compared to a yearly average of approximately 90 closes pre-pandemic. The majority of the capital in YCF II was successfully committed during Covid in a series off-market investments in Central London real estate with a gross value in excess of £1 billion.
Lloyd Lee, Managing Partner at Yoo Capital Investment Management stated: “On behalf of Yoo Capital, we were very pleased to work closely with James and the Weil team to successfully close one of the only new opportunistic funds in the world during such a complex time in the market. Their class-leading depth of experience, remarkable speed to execution and fine tuned commercial sense enabled YCFII to successfully navigate investors from six continents. We look forward to working with them again soon.”
The Weil team advising Yoo Capital was led by Private Funds partner James Bromley. The team also included Tax partner Aron Joy, Private Funds counsel Eddie Carter and associates Alistair Green, Jessica Lowe and paralegal Ina Nica.