Aeneas Capital and Pyrinas launch $120m healthcare real estate fund

Hong Kong–based Aeneas Capital and Pyrinas Real Estate Management are launching Pyrinas U.S. Healthcare Real Estate Fund 1, an innovative, closed-end property fund with a geographical focus on selected cities across North America.

Supported by the ecosystem of its affiliated company, Aptorum Group, the fund’s key investment objective is to acquire and redevelop real estate into shared laboratories and incubator facilities for life-science sector startups.

The fund will focus its investments in major cities in regions throughout North America, including the greater Boston area, San Francisco, Houston, and Toronto.

“These cities have been selected in view of several crucial factors that we believe are best positioned to take advantage of the robust growth in the life science industry,” said Matthew Wong, chief executive officer of Pyrinas. “The fund will focus on acquisition and development of real estate suitable for the healthcare and life science sect