Benson Elliot, the UK-based private equity real estate fund manager, has announced the promotion of Ken MacNaughton, CFO, and Philipp Braschel, Principal for Germany, to Partner. These partnership appointments strengthen the firm’s experienced senior management team, currently comprised of Marc Mogull, Trish Barrigan, Joseph De Leo and Phil Irons.
Ken has over 14 years of experience as a Chief Financial Officer and joined Benson Elliot in 2009 after working for Cambridge Place Investment Management and Security Capital European Realty. Ken has developed a prominent role in the industry as it navigates an increasingly complex financial and regulatory environment. At Benson Elliot Ken oversees the Finance and Legal teams, and also serves as the firm’s Compliance Officer. He is responsible for financial reporting, tax, fund level financing and fund structuring, and plays an integral role in the investments made by the Benson Elliot funds.
Philipp joined Benson Elliot in 2009 from Goldman Sachs’ Real Estate Principal Investment Group where he was an Executive Director. Philipp has 14 years of industry experience and, over the course of his career, has been involved in the acquisition of c. €4.5 billion of property assets. Philipp directs Benson Elliot’s investment activities in Germany, a market in which the firm has been particularly active during the past few years. Recent activity in Germany includes the sale of the Silvertower Berlin residential portfolio, which achieved a 2.1x equity multiple in less than three years, and the purchase of the Turmcenter, a 23-storey office tower in Frankfurt’s central business district. Benson Elliot plans to comprehensively redevelop the tower to tap into the growing demand for high quality office space in central Frankfurt.
Marc Mogull, Managing Partner, Benson Elliot, said:
“Ken and Philipp have made significant contributions to the success of Benson Elliot’s business, and I welcome both of them to the partnership. Their promotions demonstrate their long-term commitment to the firm, and their expertise will be invaluable as we seek to maximise returns for our investors and grow the Benson Elliot platform.”