Cerberus, Lone Star and Bain to launch socimis

Major investment funds have taken over billions of euros of real estate from the banking sector in recent years and are now planning their exit strategies. Some funds, such as Cerberus, Bain Capital and Lone Star intend to follow in Blackstone’s footsteps and are considering the creation of socimis, listed investment vehicles, with a portion of their assets, various sources have told the Economist.