Munich-based ii-investments has launched its second real estate debt fund.
Munich-based ii-investments has launched its second real estate debt fund.
The German spezialfonds for institutional investors has raised €100 mln in its first closing, and iii-investments aims to gradually increase the equity total to €250 mln.
The fund manager said first debt purchases will take place soon.The vehicle will invest in loans secured on real estate located primarily in Germany but also in other countries within the EU.
The debt fund launched by iii-investments will invest primarily in low-risk debt, but a few medium sized risks may be added in order to optimize the return. The individual investments will be between €15-40 mln.
'The launch of a second debt fund within just six months provides evidence of the large demand for this new type of product - simultaneously, we are increasing our lead over the rest of the field in this young area of business,'said Reinhard Mattern, CEO of iii-investments.
'The principal argument for investors in this context is increasingly the trusted and tried-and-tested vehicle of the German special fund.'
