About Us
INTRODUCTION
Elwood Fund Management is a private company created by a close-knit team of experienced real estate investors, who have worked together managing institutional capital since 2003. The business is independent of any broader organisation and so free of other goals. Our aim is to manage a select number of UK real estate portfolios tailored to client-specific objectives, invested using a proven philosophy and approach.
Across pooled and segregated mandates, the team has invested through multiple economic cycles and across core, value-add and opportunistic strategies. That experience has shaped an approach built on disciplined stock selection, active asset management and close alignment with our clients - focused ultimately on one thing: delivering performance.
Our Team
We are a team of experienced real estate fund managers and investment specialists who have been working together and investing prudently through economic cycles since 2003.
Executive Chairman
Chris is responsible for robust oversight of fund management activities. Prior to Elwood, Chris spent more than 15 years as an Executive Director at Hermes Investment Management, responsible for pooled real estate funds and Fund Manager of the Hermes Property Unit Trust (HPUT). He was an alternate Chairman of the Investment Committee and, until October 2019, was the longest serving statutory Director of the Hermes Real Estate Board. Chris qualified as a Chartered Surveyor in 1995.
Managing Director
Mark is responsible for driving strategy implementation for investors. Previously a Director at Hermes Investment Management; Mark spent 14 years in Chris Mathew’s team, as Fund Manager of a large segregated mandate for an institutional investor, and member of the Real Estate Investment Committee. Mark qualified as a Chartered Surveyor in 2003.
Investment Director
Charlie’s primary responsibility is the sourcing of investment opportunities for client strategies and working with project teams to maximise investment returns. Previously an Associate Director at Hermes Investment Management, Charlie spent six years in Chris Mathew’s team as an Investment Manager across the two principal funds focusing on investment transactions. Charlie qualified as a Chartered Surveyor in 2011.
Head of Asset Management
Russell is responsible for the delivery of property level business plans and takes the lead on ESG implementation. Previously a Director at Federated Hermes Investment Management, Russell spent over 10 years in Chris Mathew’s team as lead Asset Manager of the Hermes Property Unit Trust (HPUT). In 2019, Russell was appointed Fund Manager of HPUT and member of the Federated Hermes Real Estate Investment Committee. Russell qualified as a Chartered Surveyor in 1998.
Senior advisors bring decades of institutional fund management, investment, finance and operational experience, spanning global pension capital, real estate underwriting, financial governance and the management of major property portfolios.
Deep expertise across real estate investment, valuation, economic research and fund governance brings independent scrutiny, challenge and perspective to every investment decision.
Long-standing relationships with proven development partners brings specialist expertise, shared understanding and trusted execution to complex projects from concept through to delivery.
OUR EXTENDED TEAM
Elwood’s expertise extends beyond our core team. Long-standing relationships with senior advisors, an independent Investment Committee and trusted development partners bring additional insight, challenge and specialist capability to our work. In addition, our wider network, built through years of working together, gives us exceptional early access to opportunities and the expertise to execute them efficiently. We continue to strengthen that network, building partnerships with people who share our standards, approach and ambition.
Our Approach
Our approach combines the freedom to pursue opportunity across sectors, strategies and market cycles with a consistent investment discipline. From rigorous asset selection and portfolio oversight to hands-on management and execution, we stay close to every investment, applying the same proven process across five distinct investment themes: Innovation, Long Income, Central London, Active Beta and Controlled Alpha to manage risk, unlock potential and drive outperformance.
Selected Investments
Selected Investment
An off-market acquisition transformed into a 50,000 sq ft Cambridge innovation campus through active management, targeted ESG improvements and a carefully curated technology community.
Selected Investment
Spotting growing mid-tech demand early, Elwood is unlocking Horizon Technology Park’s potential through major power investment, new 100,000 sq ft development and a stronger occupier proposition.
Selected Investment
Bringing together asset management, stakeholder engagement, planning and design, Elwood has secured a viable route to redevelop a constrained heritage asset while retaining and restoring its distinctive character.
RESPONSIBILITY
Responsibility is embedded in how we invest, develop and manage real estate, not applied as a separate layer or tick-box exercise. We recognise the UN Sustainable Development Goals as an important framework for creating a more sustainable and resilient future and consider how our investments can contribute through energy performance, embodied and operational carbon, intelligent reuse, resilient infrastructure and positive community impact. Our focus is on practical action and good business practice that creates better, more enduring outcomes for investors, occupiers, communities and future generations.
