Arrow Global Group Limited – a European capital management company – has fully acquired real estate finance provider Maslow Capital. The acquisition is set to strengthen its Lending Opportunities strategy and complements its existing investment activities across credit and real estate.
The acquisition follows Arrow Global’s initial purchase of a significant minority stake in December 2021 and a 20-month period of successful collaboration that has seen the significant expansion of Maslow Capital’s loan book.
With a strong presence in the purpose-built student accommodation (PBSA) sector, Maslow Capital has built an exceptional track record in originating, underwriting, and servicing specialist real estate loans ranging from £10m to £300m. Earlier this year, the company provided a £114m loan for the delivery of a Central London PBSA scheme, and announced increasing funding support for SME living developers following the completion of successfully raising funds.
Having supported developers in the living sectors including PBSA, Maslow Capital has played a key role in the successful completion of real estate projects valued at over £5.1bn (€5.9bn), resulting in c.17,500 units across 257 projects.
This acquisition will enable Maslow Capital to significantly expand its operational reach across Europe by leveraging Arrow Global’s extensive European asset management and servicing network.
“We look forward to leveraging Arrow’s deep platform capabilities across Europe and to develop Maslow into a leading pan-European real estate finance provider. This acquisition marks the beginning of our broader strategy to offer adaptable, innovative, and timely real estate financing solutions throughout Europe’s living sectors, using Arrow’s extensive resources and capital to create value for all stakeholders.”Marc Rose and Ellis Sher, Chairman and CEO, Maslow Capital
Arrow Global’s investment in Maslow Capital comes after it delivered a record year. The acquisition also enhances Arrow Global’s existing UK platforms which includes Eagle Street Partners, Blue Current Capital, Drydensfairfax and Bergen Capital. Including this aquisition, the Group now owns 18 specialist asset management and servicing platforms across five European markets.
Asset-backed private credit has become increasingly appealing to investors due to the protection afforded by real estate collateral, whilst also delivering attractive risk adjusted returns as interest rates remain elevated.
Acquiring Maslow Capital further augments Arrow Global’s ability to generate sustainable value throughout market cycles across a range of alternative asset classes.
“Arrow invests across European geographies, asset classes and positions in the capital stack. To execute this strategy, we have developed our geographical and asset class expertise. Maslow is an accretive addition to our existing direct lending strategy, which includes specialist mortgage and term products through RNHB. Being part of the Arrow platform will allow Maslow to expand its services across Europe. We are delighted to announce the full acquisition.”Zach Lewy, Group CEO and CIO, Arrow Global