Federated Hermes acquires stake in Penny Blue Capital’s flagship European real estate debt fund
Federated Hermes has acquired a stake in Penny Blue Capital's flagship European real estate debt fund, following Penny Blue's separation from ESR Europe. This investment strengthens Penny Blue's institutional investor base and highlights confidence in their disciplined investment approach and track record. The move is significant as it marks Federated Hermes' first European real estate debt secondaries transaction, reflecting their interest in the quality and potential of Penny Blue's portfolio.
Read disclosure →