Peninsula Investments Group has completed a final close of its Latin American opportunistic real estate fund, Peninsula LatAm IV, at $150 million.
The fund’s strategy is to create value by providing equity and debt financing to development projects targeting the growing middle class and to distressed real estate opportunities in selected markets, according to Mauricio Levitin, managing director and founder of Peninsula Investments.
“We have an extensive pipeline across all of our target markets and have already completed the first investments in ready-to-build residential projects in Brazil, Colombia, Mexico, Panama, Paraguay and Uruguay with leading development partners,” added Josef Preschel, managing director and founder.
Peninsula’s investor base consists of institutions, endowments and family offices, in addition to the U.S. International Development Finance Corporation (DFC) as a strategic lending partner.
