SPSS IFC: Fund plans capital increase before IPO
The Swiss Prime Site Solutions fund is launching an issue of up to CHF 60 million at the end of October and is focusing in particular on light industrial properties for further growth.
In the run-up to the planned IPO, the fund management of Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) is planning a capital increase. The subscription period is scheduled from October 27 to November 7 and the target issue volume is CHF 40 to 60 million. The fund is focusing on "light industrial", among other things, for the further expansion of its portfolio. A corresponding "deal pipeline" has been established for the planned capital increase, SPS Solutions announced.
The legal basis for the conversion of the Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) into a public fund has reportedly now been created and approval has been granted by Finma. The conversion is expected to come into effect with the listing on December 9. "This means that the fund will be open to a wider group of investors and will enable both private and institutional investors to participate in the investment strategy," it says. (aw)
