Icona Capital and Stoneweg have plans to cooperate under the new SWI Group brand, which will have more than €10 billion ($10.5 billion) in combined AUM.
Icona Capital and Stoneweg recently completed the acquisition of the Cromwell Property Group’s European fund management platform and associated co-investments, including 27.8 percent of Cromwell European REIT, which totals €3.9 billion ($4.1 billion) of real estate assets under management, for a total consideration of €280 million ($294 million). The acquisition was undertaken with the purpose of providing growth, scale and product diversification as a leading alternative platform.
SWI Group will continue its business activities split across two defined business lines, Stoneweg Real Assets and Icona Alternatives. Stoneweg Real Assets will primarily focus its strategies across living, hospitality, logistics, offices, real estate, infrastructure, data centers and experiential ventures. Icona Alternatives will wor
