After more than eight years leading real estate investments for KKR in Asia, Bryan Southergill has taken on a new role establishing a real estate team for Ares Management in the region.
The veteran fund manager began his new role on Monday as a partner and head of real estate for Ares SSG, the local business of the global fund manager after being on gardening leave from his duties at KKR since February 28. , according to knowledgeable sources who spoke with Mingtiandi.
Now back in Hong Kong after a brief rest in the US, Southergill would launch Ares’ real estate business in the region by establishing a value-added and opportunistic strategy focused on investments in China, Korea, Japan, Australia and in Singapore. .
For Ares, the hire represents an opportunity to expand its real estate business, which managed $62.6 billion in assets as of June 30, in a region where it already has a team of approximately 125 people across nine offices, including in Mainland China, Hong Kong. Kong, Singapore and Australia.
Expansion in Asia
Southergill is the number one employee in Ares’ real estate business in the region and begins work just over two years after the firm, which had $305.8 billion in assets under management worldwide as of December 31, established a beachhead in Asia with the acquisition of a majority stake in Hong Kong-based SSG Capital Management in January 2020.
Still based in Hong Kong, Southergill is leading Ares’ expansion into Asia just over a year after the company expanded its industrial real estate capabilities with the acquisition of US logistics specialist Black Creek as part of a a deal reached on July 1, 2021. That deal closed just over a month after Ares completed its acquisition of alternative asset manager Landmark Partners.
In Asia, Ares plans to open a new office in Japan and is in the process of opening an office in Seoul.
For Southergill, who spent more than five years leading JP Morgan’s real estate investment team in Hong Kong before joining KKR to establish its real estate business in Asia in 2013, there is scope for a strategy core-plus in the future, with the company expected to actively recruit new members of the real estate team in Asia.
News of Southergill’s hiring was first reported by Reuters.