What Paloma Capital does

Paloma Capital is a London-based private equity real estate investment firm founded in 2015 by Joe Froud (CIO) and Jack Pitman (COO), both formerly of Schroders and Columbus Capital Management. The firm manages approximately £720 million of wholly discretionary capital across three successive UK value-add funds (Paloma Real Estate I, II, and III) plus the Dove Fund and the Wigwam self-storage platform, with capital sourced from institutional investors across the UK, Europe, the Middle East and North America. Its investment strategy targets mispriced, predominantly smaller UK assets in multi-let urban industrial, logistics, trade counter, open storage and self-storage sub-sectors, with an income-led return profile and hands-on entrepreneurial asset management.

The business operates with no proprietary technology platform and runs a lean team of 11-50 professionals, many of whom worked together at prior firms and co-invest personal capital alongside LPs. Paloma Capital LLP is authorised and regulated by the UK Financial Conduct Authority. Operating partners include OakNorth (providing £95m of cumulative debt facilities for Fund III), Workman (property management across the Dove Fund), Wigwam (self-storage platform) and Aston Barclay (sale-and-leaseback counterparty).

Revenue is generated through management fees on assets under management and performance-based carried interest, supplemented by returns from direct investment alongside LPs. As of late 2024, approximately 60% of Fund III was committed across 22 assets, the Dove Fund covered 36 assets with a £25m rent roll, and the Wigwam self-storage platform spanned 8 sites.

Name

Paloma Capital

Legal name

Paloma Capital LLP

Website

https://palomacapital.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Paloma Capital is a London-based private equity real estate firm founded in 2015 that manages approximately £720 million across three UK value-add funds, investing in multi-let industrial, logistics, open storage and self-storage assets on behalf of institutional investors across Europe, the Middle East and North America.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Private Equity

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799)

akta.pro primary industry

Real Estate Funds — Core (Stabilized, Income) (FSANAEAF)

Keywords

• Private equity real estate
• Value-add real estate funds
• Industrial property investment
• Logistics asset management
• UK commercial real estate

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: Management fees charged on assets under management across Paloma Real Estate I, II, and III funds
2. Carried Interest / Performance Fees: Performance-based carried interest from successful fund investments and asset management initiatives
3. Investment Returns: Returns generated through value-add investment strategies including mispricing opportunities, asset management, and income generation from multi-let industrial and logistics assets

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Paloma Capital is a London-based private equity real estate investment firm that raises and manages discretionary value-add funds targeting mispriced UK commercial property across multi-let urban industrial, logistics, trade counter, open storage and self-storage assets. Since 2015 the firm has deployed approximately £720 million of wholly discretionary capital on behalf of institutional investors in Europe, the Middle East and North America, with the founding partners co-investing their own capital alongside external investors.

Product overview

Paloma Capital operates as a private equity real estate investment firm offering a series of discretionary UK value-add funds (Paloma Real Estate I, II, and III) along with specialized asset class platforms. The core offering consists of investment vehicles that target mispriced UK real estate assets across multiple sectors including multi-let industrial, logistics, trade counter, open storage, and self-storage. The funds pursue an income-focused investment philosophy with entrepreneurial asset management, deploying wholly discretionary capital from institutional investors across the UK, Europe, and Middle East. The Dove Fund specifically focuses on managing a portfolio of multi-let industrial, office, and retail park properties. The third fund (Paloma Real Estate III) is the flagship product with over £400m investment capacity including leverage, while the self-storage platform represents a specialized sub-strategy operated in partnership with Wigwam.

Differentiator

Problem solved

Functional benefit

Brands

• Paloma Real Estate III: The third discretionary UK value-add fund focusing on multi-let urban industrial and logistics developments, trade counter, open storage and self-storage assets.
• Dove Fund
• Wigwam Self-Storage Platform

Products and services

• Paloma Real Estate I The first discretionary UK value-add real estate fund launched by Paloma Capital in 2015, targeting multi-let industrial, logistics, and related property investments across UK sectors and regions for institutional investors.
• Paloma Real Estate II The second discretionary UK value-add real estate fund raised by Paloma Capital, continuing the firm's focus on mispriced assets and income-driven returns through hands-on asset management on behalf of institutional investors.
• Paloma Real Estate III The third and largest discretionary UK value-add fund, launched with a first close of approximately £80m at the end of 2022 and a final close above the £200m target in November 2024. The fund targets multi-let urban industrial, logistics, trade counter, open storage and self-storage assets, with leverage providing over £400m of investment capacity, for institutional investors in the UK, Europe and the Middle East.
• Dove Fund A property fund managed by Paloma Capital covering multi-let industrial, office and retail park assets, expanded from 27 assets (330 units, £16m rent roll) at inception in early 2021 to 36 assets (490 units, £25m rent roll), with property management delivered by Workman.
• Wigwam Self-Storage Platform A self-storage platform established in partnership with Wigwam and expanded through acquisition of Pink Hippo Self-Storage to eight sites, operated as one of Paloma Real Estate III's target asset classes within the firm's self-storage sub-strategy.

Quantifiable outcome

• 75% of Paloma Real Estate III capital came from existing investors in previous funds
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Legat Owen and BOX4minorChannel Partner/ Reseller/ Distributor · 29 May 2026Joint agents appointed to market 75,610 sq ft industrial unit at Glendale Point in Sandycroft, North Wales on behalf of Paloma Capital as property owner.
• WorkmancoreImplementation/ SI/ Consulting PartnerWorkman re-appointed by Paloma Capital to provide property management services across 36 assets within its Dove Fund, covering multi-let industrial, office and retail park assets. Portfolio expanded from 27 assets (330 units, £16m rent roll) to 36 assets (490 units, £25m rent roll) since 2021.
• WigwamcoreStrategic or Co-development PartnerSelf-storage platform partnership established with Wigwam, now extending to eight sites. Platform recently expanded with acquisition of Pink Hippo Self-Storage.
• Aston BarclayminorOthersAutomotive reseller partnered with Paloma for sale and leaseback of three open storage sites in Chelmsford, Westbury and Leeds, totalling 25 acres.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Clearbell Capital: UK-focused private equity real estate investment manager of comparable size targeting UK commercial real estate across multiple sectors including industrial and logistics. Direct competitor for UK value-add capital and deals.
• Hansteen Holdings: Historically a London-listed specialist industrial and warehouse value investor across the UK, directly comparable to Paloma's industrial/logistics value-add focus. Paloma Senior Director Charles Lunnon joined from Hansteen after transacting over £1bn of predominantly multi-let industrial property there.
• Evans Randall Investors: London-based private real estate investment manager focused on prime and value-add UK commercial real estate. Competes with Paloma for institutional capital and UK assets.
• Avignon Capital: London-based private equity real estate investor pursuing UK and European value-add opportunities across commercial real estate sectors. Similar size, mandate, and target geography to Paloma.
• Cording Real Estate Investment Management: UK-headquartered real estate investment manager operating value-add funds across UK and European commercial property. Comparable scale and product offering to Paloma's UK-focused funds.

Broad incumbents

• CBRE Global Investors: Global real estate investment manager with significant UK and European real estate private equity capability. Paloma co-founders began their careers at Hillier Parker (now CBRE) and CBRE GI representation sits on Paloma's investment committee network.
• Columbia Threadneedle Real Estate: Major UK real estate investment platform managing institutional capital across multiple property strategies and sectors. Paloma Senior Director Jeremy Collin previously led asset management at Columbia Threadneedle.
• LaSalle Investment Management: Global real estate investment manager with UK and European value-add strategies. Paloma Senior Director Jeremy Collin was previously Associate Director at LaSalle managing major UK institutional portfolios.
• AEW UK Investment Management: Established UK real estate investment manager offering a broader range of mandates (core, core-plus, value-add) across multiple UK sectors. Paloma's independent investment committee member James Hyslop is currently a consultant to AEW.
• Schroders Capital Real Estate: Global real estate investment arm of Schroders plc, including dedicated UK industrial and multi-let strategies. Paloma's leadership includes multiple Schroders alumni and Schroders previously JV'd Columbus Capital with Joe Froud.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paloma Capital