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ABOUT US

A team of specialists

You deal with a single contact, who stays with you from first contact through to drawdown.

Balestra RED is the real estate debt platform of Balestra, a management company authorised by the AMF.

Building on our real estate expertise, we offer financing solutions dedicated to developers, property traders and private and institutional property companies in France. We combine secured financing capacity with fast, transparent decision-making. Through our shareholder, our offer carries the security and the visibility of regulated asset management.

01

The team

Alexia Picot
Alexia Picot
Chief Executive Officer

Alexia runs the platform. She joins from Groupe Atland, where she structured and led Aedgis, the group’s management company dedicated to financing real estate professionals. Before that she spent 10 years at Sienna Investment Managers, where she put in place financings secured on real assets and managed private debt funds for SMEs and mid-caps in France and across Europe. Alexia began her career at PwC as a financial auditor and is a graduate of EDHEC Business School.

Rafaël Kittler
Rafaël Kittler
Investment Director

Rafaël leads origination and deal analysis. He joins from RiverBank, where he spent six years and helped launch the French business. Before that, ten years in financing advisory, in equity as well as private debt: fundraising, bond and mezzanine financings, development financing and property trading deals. Rafaël is a graduate of EM Lyon Business School.

WE ARE HIRING

Investment Analyst

We are strengthening the investment team. If you come from real estate debt, structured finance or transaction advisory, write to us.

See the openings →
02

Governance

The governance of Balestra RED rests on the expertise and the proven experience of its members.

The board of directors

Vladimir Ullmann
Vladimir Ullmann
Director

Chairman of Balestra · Partner at Verdoso Investments

LinkedIn →
Christophe Delacour
Christophe Delacour
Director

Chief Executive Officer and founder, Balestra

LinkedIn →
Eric de Kervénoaël
Eric de Kervénoaël
Director

Chief Executive Officer and founder, Balestra

LinkedIn →
Neil Hepworth
Neil Hepworth
Director

Principal, AB CarVal

LinkedIn →
Robert Sinclair
Robert Sinclair
Director

Principal, AB CarVal

LinkedIn →
Ricky Stringer
Ricky Stringer
Director

Managing Director, AB CarVal

LinkedIn →
Olivier Colonna d’Istria
Olivier Colonna d’Istria
Senior Advisor

Former Chairman of the Management Board of SOCFIM · Chairman of IFPimm

LinkedIn →
03

Ownership

MANAGEMENT COMPANY

Balestra

An independent portfolio management company, authorised by the AMF since July 2024 under no. GP-20240017, member of ASPIM. Majority shareholder of the platform, it also manages the real estate debt securitisation fund.

Reference shareholder of Balestra: Verdoso Investments SA, single family office · Access Hotel real estate fund range since 2024
INVESTOR AND CO-SHAREHOLDER

Funds managed by AB CarVal

An alternative asset manager, part of the Private Alternatives division of AllianceBernstein. The funds bring co-investment capacity and credit risk management infrastructure.

Since 1987: $161bn invested across 5,895 transactions, in 82 countries · approximately $22bn of assets under management
DEPLOYMENT TARGET
600 M€
Within three years. This deployment target is backed by secured financing capacity and by the co-investment capacity of the funds managed by AB CarVal.
AB CarVal’s assets under management comprise fee-earning assets and fee-eligible assets.
CONTACT

Let’s talk about your deal

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