Friday 24 May 2019

MG Capital signs distribution deal with Karvy

NEW YORK, May 7, 2018

MG Capital, a leading private equity real estate management firm, and Karvy Middle East (KME), part of India's Karvy Group, have launched a strategic partnership that will allow KME to offer MG Capital products to new and existing clients.

Under the agreement, KME's clients will be able to invest in the New York real estate market through vehicles offered by MG Capital.

MG Capital brings fully collateralized, debt-free real estate investment options to KME's existing product suite. Its investments in exclusively Class A luxury residential buildings give KME's investors access to hundreds of income-producing properties across Manhattan, providing portfolio diversification through dollar-based alternative real estate investment products. MG Capital has historically delivered year over year growth to investors and offerings structured to provide annual liquidity distributions.

"Our distinctive investment strategy and singular focus on one of the world's most resilient real estate markets has allowed us to preserve and grow wealth for individuals and families globally," said Eric Malley, founder and chief executive officer of MG Capital.

"The partnership with KME will bring their clients access to unique investments in a premier real estate market and we are excited to expand our footprint in the Middle East."

MG Capital maintains a diversified portfolio of hundreds of income-producing residential luxury properties in Manhattan. The properties are 100 per cent-owned and professionally managed by the firm's vertically integrated investment platform.

Karvy Middle East is a subsidiary of Karvy Stock Broking and is managed by Karvy Private Wealth (KPW)—all part of the Karvy Group, with offices across India, the US, UAE and Bahrain. – TradeArabia News Service


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