Fri, Sep 19, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big