Aukera Real Estate secures €150m for “super-senior” real estate debt strategy

Aukera Real Estate has secured a new €150 million ($165 million) mandate from a German insurance company for the new “super-senior” real estate debt strategy it advises.

The fund is structured as a Luxembourg S.C.A. SICAV RAIF and targets institutional investors from Germany, Austria and Switzerland. Investors will participate in a structure tailored to German market requirements while also benefiting from a low-risk, pan-European strategy. Under the “super-senior” strategy, the fund will invest in short-term, predominantly floating-rate, senior-secured real estate loans in continental Europe and the United Kingdom. The term of the mandate is seven years.

Aukera Real Estate will advise the AIFM PANDOO Management during the entire investment period. The Essen-based investment boutique’s services range from deal sourcing to due diligence and acquisitions, as well as ongoing support and monitoring until the loans are repaid. Hauck Aufhäuser Lampe Privatbank A