Akara Raises 215 Million Francs
The fund plans to use the proceeds from the 17th capital increase to make additional acquisitions and finance projects.
The Akara Swiss Diversity Property Fund PK real estate fund carried out its 17th capital increase from May 18 to June 12. According to the information provided, the offering was oversubscribed, exceeding the target volume of CHF 215 million. «The oversubscription shows that our focused and quality-oriented approach is convincing,» commented the fund manager, SPS Solutions, on the result. The funds raised are earmarked for acquisitions and the financing of existing projects. Properties have already been secured. The fund’s total assets under management exceed CHF 3.0 billion. It is open to tax-exempt pension funds domiciled in Switzerland, as well as social insurance and compensation funds.
