Origin Investments to Join Forces with Focus Partner Firm Kovitz Investment Group in a Strategic Transaction to Expand Kovitz's Private Real Estate Investment Solutions
January 5, 2023
Founded in 2007 by
Building on Kovitz's long track record of success in real estate investing, this is a strategic transaction that will substantially increase the footprint and scale of Kovitz's private real estate fund solutions for clients. This transaction will also make Kovitz's wealth management expertise and operational infrastructure available to Origin and its investors.
"In evaluating strategic partners, our objectives were to preserve and promote the continuity of our well-established brand while also gaining access to additional resources to help us better serve our funds' investors and grow our business," said
"Kovitz and Origin have known each other for many years, and over the years we have witnessed the passion of David, Michael and their team for delivering excellent private fund offerings to their investors," said
"We are thrilled that Origin will be joining forces with Kovitz in this important strategic transaction," said
About
About
About the Preqin 2022 Best Performing Global Real Estate Managers
Preqin generates quartile rankings for individual funds according to their investment strategy, geographic focus, and vintage year. Each fund universe constitutes funds of similar types, geographic foci, and vintage years, enabling quartile rankings to be assigned using a combination of both the net IRR and multiple rankings of each constituent fund - with equal weights placed on both. In instances where the sample size is small, the funds are assigned quartile rankings that are generated against the private capital industry in its entirety.
The tables are compiled using only funds for which Preqin assigns a quartile ranking, and so for this reason, funds within the first three years of their lifecycle have been excluded as these funds are too early in their fund lives to generate meaningful IRRs. Furthermore, only managers that have raised at least three funds of a similar strategy are considered and further narrowed down to include only active fund managers (whereby the fund manager must have raised a similar strategy fund within the past six years). The lower the average score, the more consistently the manager has performed.
The average rank is calculated by assigning top-quartile funds with a weighting of 1, second-quartile funds with a weighting of 2 and so on - and then an average of the scores is taken. Only firms with average quartile rankings of below 2.00 are considered.
To determine the best performing funds by fund type, Preqin has grouped together funds of similar vintage years and geographic foci where available. Preqin only includes funds that have called up at least 50% of committed capital and the net IRR is used as the key determinant of performance.
Cautionary Note Concerning Forward-Looking Statements
This release contains certain forward-looking statements that reflect Focus' current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus' operations and business environment which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus' filings with the
Investor and Media Contact Information
Senior Vice President
Head of Investor Relations & Corporate Communications
P: +1-646-813-2909
tmadon@focuspartners.com
Vice President
Investor Relations & Corporate Communications
P: +1-646-560-3999
carestia@focuspartners.com
SOURCE:
View source version on accesswire.com:
https://www.accesswire.com/734101/Origin-Investments-to-Join-Forces-with-Focus-Partner-Firm-Kovitz-Investment-Group-in-a-Strategic-Transaction-to-Expand-Kovitzs-Private-Real-Estate-Investment-Solutions