Pure Swiss Opportunity REF closes capital increase
The Pure Swiss Opportunity REF (PSO) fund completed its second capital increase in 2022 in October. However, with an inflow of CHF 9.3 million in issue volume, the target was not achieved.
At the end of September, the fund had envisaged an issue volume of up to CHF 35 million. The fund management nevertheless considers the capital increase a success and refers to the challenging market environment. Existing investors had exercised their subscription rights and new investors had joined.
The new funds will be used for further portfolio expansion and to reduce the leverage ratio. In particular, PSO will use the proceeds of the issue to acquire a property in the center of the city of Zug. The property transaction is expected to take place before the end of November 2022. Upon completion of the purchase, PSO will have a real estate investment volume of approximately CHF 100 million. (aw)
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