Former Brockton Capital executives Sanjay Sethi and Max Bassadone have launched Tokoro Capital, targeting opportunities in Europe’s gateway cities.
Tokoro Capital will employ a relative value strategy to allow it to invest through the cycle while seeking to take advantage of pricing dislocation, which is expected to be exaggerated by current market uncertainty. The fund will initially seek office investments where active asset management is both accretive and defensive of capital value.
The company will target assets valued between €20 million ($23 million) and €100 million ($117 million) with an initial focus on Paris and London, Europe’s two most liquid and transparent real estate markets.
The company said it has already closed its first fund, TKO-I, with €100 million ($117 million) in capital commitments. The cornerstone investor was a major European institution, according to Tokoro Capital. The company noted the close, which was achieved against th
