TRANSACTION SUMMARY

On 2 July 2018, LJ Partnership (“LJ”), a London-headquartered private wealth and real estate partnership, announced the sale of a 40% equity stake to Dilmun, a New York-based family office originally from the Gulf. Terms were not disclosed.

Following the transaction, LJ has a global shareholder base, spanning the Far East, the Gulf and the Americas, and is committed to investing additional capital to fund expansion into new geographies across the US, Europe and Asia Pacific, and new investment strategies including M&A, private equity, technology and advisory, supplementing its existing position in direct real estate and public markets. LJ expects to maintain its active pace of investment and drive further industry consolidation. LJ also announced its intention to rebrand as Alvarium Investments in 2019.

LJ PARTNERSHIP

Established in 2009, LJ Partnership advises clients on financial asset and real estate allocations in public and private markets. Bringing together experienced professional investors from multiple disciplines, it serves the interests of its clients and partners, delivering investment and administration services as well as acting as both a trusted advisor and principal co-investor. The Group employs 200 staff at eight offices across Europe, US and Asia providing investment and administrative services through three key divisions: (1) direct investment; (2) investment management; and (3) trust & administration including private office.

Offices are located in London, New York, Miami, Hong Kong, New Zealand, Geneva, Lisbon and the Isle of Man. The firm supervises $15bn in assets in Europe, Asia and the Americas. To date, the firm has invested over $3bn of equity, primarily in real estate, and its realised track record shows a net IRR of 25%.

ROLE

SHP acted as financial adviser to LJ Partnership.