Thu, Sep 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cube Capital launches real estate fund for Myanmar, Mongolia and Vietnam

Monday, June 11, 2012
Opalesque Industry Update - Cube Capital, the $1.3 billion global alternatives investment firm, has launched the Cube Asia Frontier Fund (CAFF) to invest opportunistically in real estate in Myanmar, Mongolia and Vietnam.

CAFF will focus on these inefficient frontier markets where select opportunities for development and distressed investing are abundant and the economic environment provides a strong catalyst for growth. The closed end fund targets an investment period of 24-36 months and realisation period of 60 months thereafter, with a fund capacity of $150 million.

Cube anticipates extending CAFF’s activities to other frontier markets in the future, when it deems circumstances to be advantageous.

CAFF was launched in anticipation of strong growth potential in the three markets, due to political changes, liberalisation, favourable regional demographics and lack of developed credit markets. CAFF aims to provide investors with a diversified multi-country exposure while avoiding the traditional problems associated with single country frontier funds.

Cube’s team has a proven track record in both working with local partners in Asia and successfully sourcing, structuring and exiting real estate investments. Key to the risk management process of the fund is the alignment of interests with local partners through co-investment and the mitigation of market risk through the use of self-liquidating structures such as convertible debt and warrants.

Commenting on the fund launch, Thomas Holland, Chief Investment Officer of CAFF, said: “Our philosophy is to seek uncrowded investment opportunities, and we are confident that exploiting these still insufficiently explored markets will generate attractive returns. It will also make us one of the first entrants into nascent real estate investment markets such as Myanmar. We are looking forward to soon closing one of our first deals.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner