Fundraising - NOVEMBER 22, 2016

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CAERUS holds first close for European debt fund

by Andrea Waitrovich

CAERUS Debt Investments AG has surpassed its €1 billion ($1.1 billion) equity fundraising target for the first close of its senior/whole-loan real estate debt fund Archimedes. To date, CAERUS has placed around €800 million ($848 million) of this in loans. 

Investors can participate via the new CAERUS Real Estate Debt LUX S.C.A. – SICAV-SIF subfund with a minimum investment amount of €10 million ($11 million). The target interest rate is 3 percent to 4 percent per year. The fund should have a volume of €300 million ($318 million).

Structured as a pool fund, the fund invests in senior collateralized loans on real estate, with a loan-to-value ratio of up to 80 percent. The regional focus is on the core countries of the euro zone, limited to Germany, Austria, Switzerland  and the Benelux countries.

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