CAERUS capital commitments exceed 1 bn EUR with First Closing of Archimedes
22. November 2016
CAERUS Debt Investments AG (CAERUS) has passed the 1 bn Euro mark in total capital commitments, in the course of the First Closing of its senior/whole-loan real estate debt fund "Archimedes". To date, CAERUS has successfully placed around 800 million Euro of this in loans.
A large German insurance company and a pension fund have subscribed a total of 80 million Euro of shares in Archimedes.
Investors can participate via the new CAERUS Real Estate Debt LUX S.C.A.-SICAV-SIF subfund with a subscription amount from 10 million Euro. The target interest rate is 3 to 4 % p. a. (IRR). The fund should have a volume of 300 million Euro.
Structured as a pool fund, the fund invests in senior collateralised loans on real estate, with a loan-to-value ratio of up to 80 %. The regional focus is on the core countries of the Eurozone, limited to D-A-CH and the Benelux countries.
"No other asset class currently offers a more attractive risk-return ratio and, particularly for insurance companies, a higher return in respect of the capital adequacy rules required under Solvency II," says Michael Morgenroth, CEO of CAERUS Debt Investments AG, explaining the attractiveness of real estate debt as an asset class.