The Melbourne-based alternative asset management company has secured funding from investors to launch a special situations real estate fund.
Jameson received $ 25 million from two leading European investors to launch the fund.
The fund will invest in a diversified portfolio of hybrid credit investments in sectors such as last mile logistics, childcare, seniors, self-storage, data centers, medium density residences and health care.
The strategy is to focus on those sectors that have prospects for future growth and may have been affected by COVID-19 market conditions.
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“We are delighted to have secured substantial investments from two international institutional investors who, following a comprehensive due diligence process, are aligned with our strategy and wish to access compelling hybrid credit opportunities in Australia, in a variety of real estate sectors, âsaid Jameson Capital founding director Nick Browne.
“We have seen an increase in interest, from domestic and foreign investors, due to a combination of the high relative prices of public market assets, lower returns on direct assets, and the relative success of the Australia to contain the virus. “
The fund is now closed to initial investors at the end of June 2021 and is expected to start investing in a pipeline of pre-identified opportunities.
âWhat makes this a unique and exciting opportunity is that these types of special situation funds are generally not open to investors looking to place less than $ 50 million,â Browne said.
“It also presents an opportunity for offshore investors, who do not have local representation, but are looking for high-yield, strategic investments that they would not otherwise have access to.”
Browne believes Jameson Capital is the only fund provider that offers a strategy that is diversified by both industry and geographic region, targeting the opportunities that have followed COVID-19.