Women Leading European RE 2026
Summer Edition

Partner Aparna Sehgal leads the Real Estate Finance team in Winston’s London office. She advises on the financing of complex real estate-backed transactions, including highly structured deals and those involving back-leverage arrangements, such as loan-on-loans and repurchase facilities. She has extensive experience representing a diverse range of clients, including senior lenders, mezzanine debt providers, and back-leverage counterparties, helping to navigate intricate financial structures with strategic insight. Aparna has extensive experience in the commercial real estate finance sector, having worked on single-asset and portfolio financings involving performing and distressed assets, assets under development, and the acquisition of non-performing loan (NPL) pools. She is highly skilled in negotiating and documenting complex intercreditor arrangements and advising on enforcement strategies, particularly in cases involving operational assets and intricate opco-propco structures.

Audrey Klein is a Partner at Spencer House Partners (www.spencerhousepartners.com) running the 3rd-party fundraising business and is based in London. Before SPH she held Head of Fundraising roles at several firms but is best known for starting the European business out of London for the Park Hill Real Estate Group, a Division of Blackstone, which she ran for 9 yrs. Prior to joining Park Hill, she ran her own business for 5 yrs marketing alternative asset funds across all asset classes to European investors comprised of pension funds, banks, family offices. She is a graduate of Northwestern University's Kellogg School of business where she received an MBA, and is also a graduate of Emory University with a degree in Economics. Audrey is on the Corporate Board of Great Ormond Street Hospital and is a Non-Exec Board Member at Thriving, SFO and Planet Smart City. She is a Trustee of ULI's Charitable Trust and is on the board of Verbier 3-D.