KD Funds and Peakside Capital have launched the KD Adriatic Value Fund, Special Investment Fund, the first regulated real estate alternative investment fund (AIF) in Slovenia.
The new fund will leverage the combination of Peakside’s real estate market knowledge coupled with KD Funds’ global expertise and experience in managing institutional real estate investments offered by the two firms joining forces.
To date, the fund has raised commitments from regional institutional investors giving it a buying power in excess of €50 million ($61 million). Investors are attracted to the opportunities offered by the region, which is currently delivering economic growth well in excess of the EU average, while near-term prospects are expected to benefit from the yield gap relative to other European real estate markets.
The fund has already made its first acquisition, with the purchase of the Tivoli Center, an office building in Ljubljana for €13 million ($16 million),
