An unnamed German insurer has made a €150m commitment to a new Aukera Real Estate debt strategy.
Aukera said it secured the seven-year mandate for the new real estate debt strategy that will invest in senior secured pan-European loans with a loan-to-value ratio of below 50%.
The investment manager said the fund will invest in short-term, predominantly floating-rate, senior secured real estate loans in continental Europe as well as in the UK.
Markus Habbig, the head of co-investments at Aukera, said: “With the new strategy, we are broadening our investment universe and offering our clients the opportunity to invest broadly diversified in real estate loans from across Europe with a low risk-return profile.
“In the current volatile market environment, this conservative investment strategy offers the opportunity to invest in real estate-secured loans with low loan-to-value ratios and to benefit from future interest rate developments.”
Aukera said it also plans to launch its first-ever pooled fund this year with a plan to raise €250m.
Aukera launched its first Luxembourg sub-advised fund in 2020, and a second fund was established in July 2021. In total, Aukera has received capital commitments of more than €1.3bn to date.
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