Draycott has acquired 100% of the share capital of Square Asset Management – Sociedade Gestora de Organismos de Investimento Coletivo (Square AM), the largest independent manager of open-ended real estate investment funds in the Iberian Peninsula. The transaction was completed following approval from the Portuguese Competition Authority. Financial terms were not disclosed.
Through this acquisition, Draycott adds a leading real estate fund management platform with more than €2.7 billion in assets under management and close to 35,000 investors reached through a large-scale banking distribution network. The transaction represents a defining step in Draycott’s growth strategy as a diversified alternative asset manager and reinforces its ambition to become the reference partner for Portuguese savings, offering more investors solutions designed to protect and grow their wealth over time.
With more than 20 years of experience, Square AM manages close to €3 billion in real estate assets through real estate investment funds, income funds and specialized vehicles serving both institutional and retail investors.
Among its flagship vehicles is CA Património Crescente, distributed by Crédito Agrícola, with more than 23,500 investors and over €1.4 billion in net asset value under management. The firm also manages the Property Core Real Estate Fund, distributed by Banco Best, Novo Banco and Novo Banco dos Açores, with more than €500 million in assets under management across Portugal and Spain and over 9,600 investors.
Square AM’s portfolio also includes specialized funds backed by leading institutional investors such as Invesco, Lighthouse, Primonial, LCN, Tristan and Signal.
João Coelho Borges, CEO and Founding Partner of Draycott, said: “Square brings scale, distribution capabilities and a highly relevant investor base. This acquisition complements our activities in real estate and alternative investments while accelerating our ability to provide differentiated investment solutions to Portuguese savers.”
Pedro Coelho, CEO of Square AM, added: “After more than two decades operating in the Iberian real estate fund market, we are entering a new chapter alongside Draycott. We believe this integration will strengthen our value proposition and enable us to continue delivering high-quality investment solutions to our clients and partners.”
Following completion of the transaction, Square AM will continue operating within the Draycott group structure.
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Through this acquisition, Draycott adds a leading real estate fund man...
