Dea Capital Real Estate sgr announced yesterday the to have reached 200 million euros in fundraising at the first closing of its new Special Opportunities I fund versus a 250 million euros final target. (see here the press release).
Investors were Apollo Global Management (through Apollo European Principal Finance Fund III) and Dea Capital. The fund will invest in non performing loans real estate secured portfolios of 50-100 million euros GBV each.
This is the second fund managed by Dea Capital Real Estate sgr with a specific focus on Npls, after the Idea Npl fund launched in May 2016, advised by Eidos Partners, investing in securitizations of real estate secured Npls sold by Italian banks (see here a previous post by BeBeez).
Dea Capital Real Estate sgr is today managing 43 funds for a total AUM of 10 billion euros or 1200 real estate buildings mostly based in Milan and Rome. The asset management company has been launching 13 new funds in the last two years for a total of 2,6 billion euros raised, of which 1.7 billions in 2017.
