Real estate investment manager Revetas Capital said this week that it has secured three mandates from Korean Asset Management Companies (AMCs) representing multiple Korean Institutional Limited Partners (LPs) for an initial investment volume over €860 mln.
These mandates, which focus on investment in Europe and the US, mark 'a strategic collaboration aimed at supporting Korean overseas investments in the face of shifting interest rates and a rise in complex real estate situations in Europe and the US', the company said in a statement.
Revetas said that it will provide its expertise in restructuring and recapitalization to stabilize these investments over the mid to long term, offering both rescue capital and funding for essential building and tenant improvements.
Eric Assimakopoulos, Revetas’s managing partner, commented 'We are pleased to collaborate closely with Korean Institutional AMCs and LPs on their overseas investments. Our focus is on providing capital recovery solutions in a market characterized by dislocation, complexity, and the ongoing importance of price discovery. We see solutions in uncertain times that offer real and meaningful value to our partners and a roadmap to recovering capital.'
