Proprium Capital Partners adds BC Partners Real Estate team

Global real estate investor Proprium Capital Partners is expanding its European operations by integrating the BC Partners Real Estate (BCPRE) team. 

1 Museum Street

This strategic move, expected to finalise in Q1 2026, will bring 17 experienced professionals, including partners Stéphane Theuriau, Laurian Douin, and Thibault Lauprêtre, to Proprium.
This addition will boost Proprium's assets under management by approximately $1 bn (€940 mln). The BCPRE team, based in Paris and London, will enhance Proprium's expertise in continental Europe and France, particularly in deal origination, execution, and asset management across various real estate sectors. Stéphane Theuriau will become vice chairman at Proprium, while Laurian Douin and Thibault Lauprêtre will become partners.
The collaboration is a strong cultural fit, given past working relationships between key individuals. This expansion also supports Proprium's global real estate goals and aligns with L&G's (a major European asset manager and 75% stakeholder in Proprium) ambitions to grow its Private Markets platform. The BCPRE team will continue to manage their existing portfolio, including assets like Edgar Suites and 1 Museum Street, under the Proprium umbrella. Proprium's investment strategy focuses on real estate operating companies in sectors like residential, student accommodation, hospitality, and logistics.
Philipp Westermann, head of Europe and a co-managing partner of Proprium Capital Partners, stated: "We are incredibly excited to welcome colleagues who share our DNA, ambition and culture. Having worked with Stéphane and some of his team since the early 2000s, I have no doubt they will add tremendous value and complement our existing capabilities. By joining forces, we will enhance our platform investing approach and deepen our European presence.”
Stéphane Theuriau, head of BC Partners Real Estate, commented: "As part of BC Partners, we have built a successful real estate strategy that continues to create value across Europe. The resilience of our portfolios through an unprecedented period for the real estate sector underscores the strength of both our model and our team, and we see significant opportunities ahead. Proprium shares our values and vision for the future, and we look forward to joining them to scale the Proprium platform.”
Eric Adler, Asset Management CEO at L&G, said: "Bolstering Proprium's team with new expertise will enable us to continue to provide an innovative and differentiated proposition that meets the long-term needs of our clients across geographies. Having worked together and followed this team’s successful journey over two decades, I have high confidence in our cultural compatibility and look forward to driving value for our clients together.”
Raymond Svider, chairman of BC Partners, added: "As we continue our focus on BC Partners’ core strategies of private equity and credit, the time is now right for the BC Partners Real Estate platform to join forces with Proprium to enter its next chapter of growth. Together with Proprium, the BC Partners Real Estate team will be well-positioned to continue its strong investment record and deliver sustainable value for all its stakeholders, and we look forward to participating as a partner in this future success."