Blackbrook’s merger with Cain creates combined $17bn AUM

Logistics specialist Blackbrook is to merge with the privately owned investment company Cain International.

Founded in 2014, Cain is a privately held investment firm which operates in the UK, Continental Europe and the United States. Blackbrook was founded in March 2020 by Arvi Luoma, formerly with WP Carey, and Gordon DuGan.

The merged company will have combined assets under management of more than $17 billion and will trade as Cain International. The combined teams will work together from a new global headquarters at 72 Welbeck Street, London.

Blackbrook, will operate as a subsidiary of Cain, and the Blackbrook portfolio will be managed by Cain’s investment adviser, continuing to focus on supply chain infrastructure.

Arvi Luoma, co-founder and CEO of Blackbrook, will lead Cain’s European equity investment strategies, reporting to Cain CEO Jonathan Goldstein.

Cain completed the development of its inaugural logistics portfolio, comprising seven sites in the UK in 2023. The combined strategies will hold approximately 930,000 sq m of logistics assets under management across Europe. 

“Since Blackbrook’s launch in 2020, we’ve built a strong track record of acquiring and developing mission critical net lease real estate, as well as Class-A logistics assets in core locations with material supply-demand imbalance,” Luoma said. “This next chapter is an exciting one and I, along with Gordon, look forward helping drive new synergies across the Cain and Blackbrook teams to further enhance and grow our combined pan-European strategies.”