Montello Launches UK Real Estate Opportunity Fund

Jan 7 2014 | 5:17am ET

London-based real estate financier Montello has launched its third fund, the Montello Real Estate Opportunity Fund, with £250 million.

The fund has been launched in Luxembourg as a SICAV SIF, and formally received sign-off from regulators late last month. CBRE is assisting as transaction manager, while Luxembourg Fund Partners and Apex Fund Services are assisting with the operation and administration of the fund. The fund is being audited by PwC, and ABN Amro Bank is serving as custodian.

Christian Faes, managing partner at Montello, commented: "The team that we have brought together for this fund is unquestionably the best team of global fund and real estate professionals in the market. Being able to have CBRE involved is a real coup, and we look forward to working with them to build a very strong presence in this market.”

Montello received seed funding from three offshore institutional investors, and is now taking investments on an on-going basis. The fund is open-ended and trades monthly, and will provide investors with a net return between 6-10% per annum, payable quarterly.

The Montello Real Estate Opportunity Fund will have a broad investment mandate, which will build upon Montello's track record as a leading short-term real estate lender in the UK market. In addition to bridging finance, the fund will be able to provide development finance and enter into joint ventures.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.