INVL Partner Global Real Estate Fund I raises additional USD 3 million from investors
04 June 2024 - 4:45PM
UK Regulatory
INVL Partner Global Real Estate Fund I raises additional USD 3
million from investors
The INVL Partner Global Real Estate Fund I
launched in January this year by INVL Asset Management, the leading
Baltic alternative asset manager, raised an additional USD 3.075
million. This time investments in the open-ended fund for informed
investors were made by a total of 13 investors.
The INVL Asset Management fund invests in real
estate funds in the US and Western Europe managed by Brookfield
Asset Management, one of the world’s largest real estate management
companies. An offering of the fund’s investment units ran from 6
March to 31 May (inclusive), organized by INVL Financial Advisors,
the financial brokerage company that owns the INVL Family Office
brand. The minimum investment amount in this fund is USD
145,000.
“With the expectation that interest rates in the
US have peaked, liquidity and transaction volumes are recovering.
In addition to that, the macroeconomic landscape on the other side
of the Atlantic is stabilizing. Investors are welcoming these
positive developments and looking at real estate investment
opportunities in the U.S. with growing confidence,” says Asta
Jovaišienė, the head of the INVL Family Office.
To date the INVL Partner Global Real Estate Fund
I has raised USD 12.205 million from a total of 41
investors.
The new INVL Asset Management fund with
unlimited duration will seek to increase the long-term value of its
participants’ capital and at the same time enable investors to get
periodic income from the fund’s assets.
NYSE-listed Brookfield Asset Management together
with its subsidiaries had assets under management of over USD 850
billion at the start of 2024. That includes USD 271 billion of real
estate under management, ranking the company the third in the world
for total value of real estate assets.
The person authorized to provide additional information is:
Paulius Žurauskas, CEO of INVL Asset Management
paulius.zurauskas@invl.com
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