Sat, Apr 25, 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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner