Moorfield Group (Moorfield) has unveiled 'The White Knight Partnership' to provide partnered solutions for property owners and lenders battling today's difficult market conditions.

The UK private equity real estate group said it is looking to build innovative relationships with property owners and lenders in order to invest capital of between £10 mln and £100 mln (EUR 11.4 mln and EUR 114 mln) per transaction into 'stressed' situations.

Joint ventures, participations or comparable agreements will be structured to enable the existing owners/borrowers to retain control of their assets and to allow them the opportunity to recover and share in the lost equity value.

Moorfield said that it will provide comprehensive solutions to situations where it is necessary to cure a banking breach, fund capital expenditure, extend banking facilities or ensure a refinancing with new lenders before it is too late and the situation moves from 'stressed' to 'distressed'. This will enable owners/borrowers to have the time to continue to actively manage the assets and recover value.

Moorfield will not just be a capital provider but will also share its expertise and relationships in order to assist in enhancing value alongside the owner/borrower.

Moorfield is opportunistic and looking to partner across all real estate sectors with investment capital that can be structured as different types of debt or equity, or a hybrid of both. The White Knight Partnership will be financed through the Moorfield Real Estate Fund II (MREF II), which raised £400 mln of private equity on closing at the end of 2007.

Moorfield is a UK real estate and related private equity fund manager and investor with some £2.5 bn of assets and geared cash under management through the Moorfield Real Estate Funds (MREFs).