GBL-backed Sienna Capital completed the acquisition of L’Etoile Properties.

GBL-backed Sienna Capital, a fund of funds, completed the acquisition of L’Etoile Properties, a real estate firm. Financial terms were not disclosed. “My partners and I are happy to join Sienna. This partnership brings an opportunity to accelerate our development in investment products, geographic locations and skills, while keeping our identity. We are confident that with the support of Pedro, the Sienna team and GBL we will be able to continue our ambitious investment plans and raise and successfully invest further capital for our future funds," Didier Unglik, L’Etoile CEO.