EstCapital sets up new fund focusing on energy assets

Italian fund management firm EstCapital is launching a closed-end real estate fund which will invest in energy producing properties and infrastructure. In a statement, the Italian firm, which is headed by Gianfranco Mossetto, said that the investment vehicle, RealEnergy, is being set up in partnership with the Bologna-based industrial property group Maccaferri. RealEnergy is the first of a series of real estate investment vehicles focused on investment in properties which produce energy. The company added that the fund, which will mostly focus on the Italian market, will become operative from September this year. The financial details of the fund were not disclosed.