Kingstone Debt Advisory(KDA) – a joint venture of Pegasus Capital Partners and Kingstone Capital Partners – and DZ Privatbank in Luxembourg have launched a real estate debt fund – FOCUS Mezzanine Germany I.
The fund is registered as an article 8 fund in accordance with the Sustainable Finance Disclosure Regulation (SFDR) and is the first subfund to the “Kingstone Debt Opportunities SICAV-RAIF” umbrella fund.
The target size for the closed-end Alternative Investment Fund (AIF) is a gross asset value (GAV) of EUR150 to EUR200 million with subscriptions possible from EUR3 million.
The investment focus of FOCUS Mezzanine Germany I will be 50 per cent residential real estate and 50 per cent commercial real estate – primarily offices, while the credit commitments of the fund range between EUR10 and EUR30 million.
