Queensgate Investments, a new private equity real estate fund manager set up by Jason Kow, and LJ Investment Group, has announced the launch of a new fund with a spending power of £500 mln (EUR 600 mln) in the UK and Europe.
Queensgate Investments, a new private equity real estate fund manager set up by Jason Kow, and LJ Investment Group, has announced the launch of a new fund with a spending power of £500 mln (EUR 600 mln) in the UK and Europe.
'There is as much as EUR 500 bn of property debt in Europe expiring over the next three years and regulatory changes such as Basel III creating unique buying opportunities for investors with ready equity who are able to act rapidly,' said Jason Kow, CEO of Queensgate
The Queensgate Investments Fund I has closed with around £100 mln of direct, discretionary investment equity and advises another £400 mln of co-investment equity. The investors are mainly ultra high net worth families.
Queensgate Investments is a joint venture between Jason Kow, former head of Special Situation for London & Regional Properties, and LJ Investment Group, a multi family office with some £4 bn of assets under supervision for around 200 families.
The fund will be targeting investments into long income assets, hotels and special situation trades across the UK and Europe.
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