AXA IM Alts announces new heads of regional real estate businesses
AXA IM Alts has appointed Laurent Jacquemin and Antoine Mesnage to head up its North American and Asia Pacific real estate businesses, respectively, as part of the “next phase” of growth.
Current head of Asia Pacific Jacquemin will succeed Steve McCarthy as head of North America, who has decided to retire at the end of the year after nearly 13 years with AXA IM Alts.
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In his new role, Jacquemin will be based in New York and will lead a 60-strong team managing approximately $22bn (£16bn) of real estate assets, with responsibility for overseeing both equity and debt investment strategies and expanding AXA IM Alts’ real estate “footprint” in the region.
Since 2018, Jacquemin has led the growth and diversification of AXA IM Alts’ Asia Pacific real estate operations, including an increase in assets under management in the region to over $8bn.
Mesnage, who has led the Australian business at AXA IM Alts since 2022, will take over as head of Asia Pacific on 1 July, while continuing in his role as head of Australia.
Following his promotion, he will have responsibility for the management and strategic development of AXA IM Alts’ real estate activities and its entire 40-strong Asia Pacific team.
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“Laurent’s experience and track record driving the strategic expansion of our real estate operations across Europe, and most notably his recent achievements in extending and diversifying our operations in Japan and Asia Pacific, will be invaluable as we continue to expand our North American business, a market of significant strategic importance for AXA IM Alts,” said Timothé Rauly, global co-head of real estate at AXA IM Alts.
“In Asia Pacific, our platform has gone from strength-to-strength, not only operationally, but also at a capital raising and client servicing level.”
“Antoine is ideally placed to spearhead the next phase of our growth given his deep understanding of the region and real estate investment management expertise,” he added.
AXA IM Alts has €186bn of assets under management, comprising approximately €81bn of primarily private real estate, more than €93bn of private debt and alternative credit, and €12bn in infrastructure and private equity.
Earlier this week, AXA IM Alts reported having closed five collateralised loan obligations over the first half of 2025, two of which were completed this month.
