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DeA Capital RE Sgr launching a new NPL fund
27 January, Monitor Immobiliare
DeA Capital RE Sgr has launched the fund DeA Capital RE Sgr, the closed-end real estate fund dedicated to expert investors that will invest in non-performing loans portfolios, mainly secured, with holdings comprised between 50 and 100-million-euro Gross Book Value.
The Special Opportunities I fund, with a collection objective of 250 million, has just finalised in these days the first closing for 200 million euro, underwritten by Apollo Global Management and DeA Capital.
The new fund will manage the NPL investment activities of the fund Apollo European Principal Finance Fund III concerning portfolios up to 100 million-euro GBV and it will be the main point of reference for the banks of the country intending to dispose of NPL secured portfolios.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi