Mon, Jul 25, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  4. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New

  5. SWFs - Abu Dhabi wealth fund says long-term investment gains fell[more]

    From Bloomberg.com: The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015. The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier, it said in its annual review. Over