IP Real Estate: German institutions invest €80m in Caerus real-estate debt strategy

A German insurance company and a German pension fund have backed Caerus Debt Investments, setting aside €80m for investment in the manager’s real-estate debt strategy.

The Caerus Real Estate Debt LUX SICAV-SIF fund is targeting opportunities in the euro-zone, concentrating on Germany, Austria, Switzerland and the Benelux countries.

The manager is targeting a 3-4% IRR for the €300m vehicle, which was launched in September.

Caerus has structured the vehicle as a pooled fund, which will target senior collateralised loans with a loan-to-value ratio of up to 80%.

IP Real Estate, 22.11.2016

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