REFIRE: €70m first closing for Caerus debt fund

One man who looked happy at the recent MIPIM conference in Cannes was Michael Morgenroth, the CEO of Düsseldorf-based Caerus Debt Investments, one of a new breed of German debt funds stepping into the market being vacated by several of Germany's more traditional real estate lenders.
Barely nine months old, Caerus has now closed on €70m of equity for its first debt fund, Caerus Real Estate Debt Lux SICAV-SIF-Fund I, after receiving a commitment of €50m from major German insurance group Gothaer Versicherung, on top of the original €20m committed as a seed investment from Swiss private bank Reichmuth.

Read full article, Real Estate Finance Intelligence Report Europe, Online-Artikel 1 April 2014:

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