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CAERUS raises €47M for European RE debt investments

13 July 17 - RE+D Magazine
CAERUS raises €47M for European RE debt investments

COMPANIES

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
In a second closing, CAERUS Debt Investments AG (CAERUS) has raised a further 47 million Euro for its "Archimedes" senior/whole-loan real estate debt fund.

 

Capital commitments for the fund now total 129 million Euro.

According to the firm’s official statement, the new capital will come from a major German insurance company and an increase by an existing investor. In the first closing, a large German insurance company and a pension fund subscribed a total of 82 million Euro of shares in Archimedes.

Investors can participate via the new CAERUS Real Estate Debt LUX S.C.A. - SICAV-SIF sub fund, with a minimum subscription amount of 10 million Euro.

The target interest rate is 3 to 4% p.a. (IRR). The fund is expected to have a value of 300 million Euro.

Structured as a pool fund, the fund invests in senior collateralized loans on real estate, with a loan-to-value ratio of up to 80%. The regional focus is on the core Eurozone states, limited to D-A-CH and the Benelux countries.

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