Europe Real Estate (REP): Caerus launches €300m property loan fund (LU)

CAERUS Debt Investments AG (CAERUS) is continuing to expand its senior-/whole-loan strategy by launching a Luxembourg-based Real Estate Senior-/Whole-Loan Fund.

Structured as a pool fund, analogous to the individual mandates already launched, the fund will be invested in senior collateralised loans on real estate, up to a lending limit of 80%. The regional focus is also unchanged (the Eurozone, concentrating on Germany, Austria, Switzerland and the Benelux countries). The target interest rate is 3 to 4% p.a. (IRR). The fund is projected to have a volume of €300m. The first closing is planned for the end of October 2016.

Investors could participate via the new CAERUS Real Estate Debt LUX S.C.A. - SICAV-SIF sub fund, called "Archimedes", from a subscription amount of €10m.

In the framework of individual instructions, several major institutional investors have already entrusted CAERUS, as investment adviser, with the implementation of senior/whole-loan strategies with a combined investment volume of €800m. Caerus has successfully placed around €700m of this as loans so far.

"For insurance companies, currently no other asset class offers a more attractive risk-return ratio and a higher return in relation to the equity securitisation required by Solvency II", explains Michael Morgenroth, CEO of CAERUS Debt Investments AG.

Europe Real Estate (REP), 29 September 2016


Jochen Goetzelmann
Targa Communications GmbH
T 069 153 24 21-0