Michael Klauke-Werner founds 1stein Capital GmbH

Michael Klauke-Werner, who has been managing director institutional advisory service at Nuveen Asset Management Europe for the past 13 years, has left the organization to become managing partner of 1stein Capital GmbH, which he co-founded.

The new company facilitates fundraising for institutional investment products on behalf of real estate companies in the residential, logistics, office and retail asset classes in Germany, Austria and Switzerland. 1stein is already involved in raising institutional capital for several existing real estate and mezzanine funds from different asset managers.

Michael Klauke-Werner has more than 25 years of activity in the investment industry, during which time he raised more than €5 billion ($5.9 billion) of equity capital for a variety of Henderson/Warburg-Henderson and TH Real Estate/Nuveen Real Estate funds. Earlier in his career he worked for the Aberdeen Group and Commerz Grundbesitz Spezialfondsgesellschaft. In both companies he w