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Elwood Fund Management
Elwood Fund Management


We are a team of fund managers and investment specialists who began working together in 2005

Our Team

Chris Mathew
Executive Chairman

As Executive Chairman of Elwood, Chris is responsible for robust oversight of fund management activities.

Chris qualified as a Chartered Surveyor in 1995.

Previously an Executive Director at Hermes Investment Management, responsible for pooled real estate funds and Fund Manager of the Hermes Property Unit Trust (HPUT) for more than 15 years. Chris was an alternate Chairman of the Investment Committee and, until October 2019, he was the longest serving statutory Director of the Hermes Real Estate Board.

Mark Beattie
Managing Director

As Managing Director of Elwood, Mark is responsible for driving strategy implementation for investors.

Mark qualified as a Chartered Surveyor in 2003.

Previously a Director at Hermes Investment Management; positioned within Chris Mathew’s team for 14 years, Fund Manager of a large segregated mandate for an institutional investor, and a member of the Real Estate Investment Committee.

Charlie Flather
Investment Director

As Investment Director of Elwood, Charlie’s primary responsibility is the sourcing of investment opportunities for client strategies and working with project teams to maximise investment returns.

Charlie qualified as a Chartered Surveyor in 2011.

Previously an Associate Director at Hermes Investment Management, and positioned in Chris Mathew’s team for six years as an Investment Manager across the two principal funds focusing on investment transactions.

Russell Black
Head of Asset Management

As Head of Asset Management, Russell is responsible for the delivery of property level business plans and is the lead on ESG implementation.

Russell qualified as a Chartered Surveyor in 1998.

Previously a Director at Federated Hermes Investment Management, Russell was in Chris Mathew’s team for over 10 years as lead Asset Manager of the Hermes Property Unit Trust (HPUT). In 2019, Russell was appointed Fund Manager of HPUT and was a member of the Federated Hermes Real Estate Investment Committee.


We invested prudently through economic cycles since 2003, navigating both the GFC and Brexit market dislocations. We were responsible for £2 billion of assets and completed over 200 investment transactions. During this period the team established long-standing relationships with a network of real estate professionals to facilitate transactions.


Our long-standing relationships endure and clients of Elwood will continue to benefit from the team’s exceptional access to real estate deals, together with the professional and legal advisors that are vital to enable swift and efficient execution of transactions. We pride ourselves on innovation in deal-making and we want to build on both existing relationships, and develop new partnerships with people who share our approach and outlook.

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