Former TPG executive launches GREYKITE, secures cornerstone investment from Capital Constellation, Leucadia Asset Management

Michael Abel, previously an equity partner at TPG, has launched GREYKITE.

The investment focus will be on a range of traditional and alternative real estate asset classes across Europe with compelling fundamentals and growth tailwinds, mainly in Western Europe, and including opportunities emerging from special situations and market dislocation.

The company has entered into a strategic agreement with Capital Constellation, an investment platform managed by Wafra, and Leucadia Asset Management.

With 20 years of experience in the European real estate private equity industry, Abel will oversee GREYKITE’s strategy, fundraising, and investment business, and will serve as chairman of the executive and investment committees. Before founding GREYKITE, Abel was an equity partner at TPG, where he helped establish TPG Real Estate’s efforts in Europe and served as a member of TPG Real Estate’s Investment Committee and TPG Europe’s Executive Committee. Abel is joined