'As we develop our strategy into that of a multi-sector expert, our investors and leadership recognize the value Adam and Julian have created, and we’re thrilled to see their roles and oversight expand,' said Michael Kovacs, partner and founder of Castleforge.

'Our ability to develop as a specialist across a number of real estate sectors has been driven by the research focus, strategic insights, investment acumen, and operational expertise each have honed over the course of their careers.' Kovacs added.

Founded in 2010, Castleforge is a leading London-based private equity real estate manager combining research-led investment themes with vertical integration and in-house operating platforms. Castleforge conducts extensive research into global trends and merges this with local market knowledge in developing its investment themes.

Using this process, the firm selectively builds and manages unique operating platforms that fill critical gaps in UK and EU real estate marketplaces and incorporate a socially responsible strategy.

MacLeod joined Castleforge in 2015 as the firm’s head of investment strategy and Research, before being promoted to managing director in 2020. Prior to joining Castleforge, he worked in the US and UK with law firms Sullivan & Cromwell LLP and Cravath, Swaine & Moore LLP.

He will continue to manage investment operations of Castleforge’s business, including in-house portfolio companies, and the development and management of research and investment strategy processes.

'I’m eager to continue to strengthen the relationships I’ve forged over the last seven years with Castleforge, and I’m extremely optimistic for our future ahead,' said MacLeod.

'As Castleforge continues to expand holdings strategically, our team is looking forward to pursuing targeted investment strategies with deep capital deployment potential, bringing differentiated operational value across our portfolio, and driving industry-leading upgrades to investments focused on sustainability and efficiency.'

Feldman joined Castleforge in 2014 as the firm’s general counsel, before being promoted to managing director in 2020. Prior to joining Castleforge, he worked in the UK with law firm Allen & Overy LLP.

He will maintain his role as general counsel and manage risk and compliance functions across the business. His other responsibilities stretch across business operations management functions covering investor relations, finance, human resources, legal and information technology.

'Castleforge invests in themes and develops platforms that innovatively addresses long-term shifts in tenant demands within a traditional space,' said Julian Feldman, partner.
'As our firm continues to develop as a sector specialist across a number of high-conviction strategies, I look forward to the opportunities and challenges we face as an institution and to fortifying the expertise that only our firm can provide.'