Catella APAM, a U.K. investment and asset management specialist and a subsidiary of the Catella Group, has launched its inaugural fund, Catella APAM Strategic Equities I, to invest in U.K. listed property companies.
The fund has closed with £102.2 million (€123.23 million/$129.50 million) in commitments from institutional investors, focused on identifying mispricing within the U.K. listed real estate sector.
Simon Cooke, industry veteran and founding shareholder of Catella APAM, and Ben Kennedy, head of investment and research at Catella APAM, will lead the fund’s investment strategy, supported by Catella APAM’s senior asset and development management teams.
Cooke and Kennedy designed the fund’s strategy to target undervalued U.K. listed real estate companies, where underlying asset values have been affected by recent macroeconomic challenges and shifting demand patterns. The fund is the firm’s first fundamentals-focused product inv
