Delancey partners with long-income specialists to create new investment manager
· Evermill Capital will deliver bespoke asset-backed financing solutions for operating businesses and institutional clients
· Evermill Capital has been founded by Scott Gardner, Tom Benham and Harry Millward backed by Delancey
· Scott, Tom and Harry have collectively raised c.£3bn and helped to deploy over £2.5bn into secure income real estate in recent years
· Delancey’s senior leadership, which are shareholders in the new business, will provide strategic support to Scott, Tom and Harry who will be leading and managing the business.
Evermill Capital (‘Evermill’ or ‘the company’), a new investment manager specialising in asset-backed financing solutions, has formally launched today.
The company will be managed by three partners - Scott Gardner, Tom Benham and Harry Millward, with the strategic backing of Delancey Real Estate (‘Delancey’) a leading UK-focussed investment, asset and development manager. Delancey’s management team has seeded Evermill as part of a wider strategy to create best in class platforms, as they have previously done with specialist investment manager, NW1 Partners.
Scott, Tom and Harry have successfully worked together before and have c.60 years of combined experience in real estate, fixed-income, and structured finance having held senior roles at AlphaReal and Macquarie Asset Management.
Evermill’s founding partners see an immediate opportunity and growing need for investment grade matching assets among Bulk Annuity insurers, driven by increasing demand for pension scheme liability risk transfers. In 2024 Ernst and Young estimated that the total volume of buy-out activity would be approximately £50bn and this trend is expected to continue.
Source: Press release sent on the 5th of December 2024.