€400m in fresh mandates for debt specialist CAERUS

Düsseldorf-based CAERUS Debt Investments AG has garnered new mandates over the last few months worth almost €400 million, bringing to over €800m of debt funding CAERUS now has available for real estate lending.

Insurance group Volkswohl Bund has increased its mandate to CAERUS by €300 million, to a new total of €500 million. CAERUS advises the company on investments in senior loans secured on real estate with higher loan-to-value ratios, so-called whole loan financing.

Additionally, the credit fund advised by CAERUS , the Caerus Real Estate Debt Lux. S. C. A., SICAV-SIF-Fund I (“Caerus Real Estate Debt Fund I”) has received a further €50 million equity facility from another German insurance group.

The credit fund, which is set up under Luxembourg law, has a target volume of €300 million. It concentrates on real estate financing and bridging loans with loan-to-value ratios of up to 85%. The primary focus is on Germany, Austria and Switzerland. Subscriptions to the fund are subject to a minimum investment of €10 million, while the target distribution yield is 6% to 7% p.a.

CAERUS is headed up by Michael Morgenroth and Patrick Züchner, with Swiss private bank Reichmuth & Co and Berlin-based Dupuis Asset Management Capital as principal shareholders.