W&W Asset Management has acquired a 35 percent interest in BF.capital, a subsidiary of BF.direkt and an investment manager for institutional investors, for an undisclosed amount.
Until now, BF.capital has been active exclusively in the field of real estate debt. However, the company is planning to expand its existing asset class focus to include corporate debt and infrastructure financing solutions, making it a one-stop-provider of private debt solutions. Going forward, BF.capital’s assets under management will exceed €1.5 billion ($1.6 billion).
In conjunction with the transaction, BF.capital also has filed an application for a license under the German Securities Institutions Act (WpIG) that would authorize it to use fund-of-fund structures and separate accounts to make private debt solutions available to third-party investors outside the W&W Group. Products intended for this purpose are being prepared parallel to the preparations for a new real estate deb