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Icona Capital Acquires Cromwell’s European Platform via Stoneweg, Doubles Real Estate Aum to €8 Billion
Icona Capital, a prominent alternative investment firm, has finalized a binding agreement with Cromwell Property Group to acquire its European fund management platform and related co-investments through Stoneweg, a renowned real estate manager.
October 31, 2024
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Under Max‑Hervé George’s leadership, Icona Capital and Stoneweg, through SWI Group, have acquired Cromwell’s European real-estate platform, doubling their AUM to €8 billion. The deal enhances the firm’s regional depth and institutional platform across Europe with strategic scale and local execution.
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