Company Release – 08/12/2021
EPC/Promecap, in conjunction with Octogone Group, structured a RAIF for investors to subscribe capital in EPC Promecap Multifamily Partners V, LLC (“Fund V”)
MIAMI (December 8, 2021) – Eagle Property Capital Investments, LLC (“EPC”) and Promecap are pleased to announce the launch of a Luxembourg Reserved Alternative Investment Fund (“RAIF”) platform, which is expected to prove an attractive alternative to invest in Fund V, a new multifamily investment vehicle co-managed by them.
The RAIF is an investment instrument that was established following the entry of the RAIF law, targeting institutional or well-informed investors, which allows non-EU managers to efficiently set-up and sponsor funds under the supervision of a duly-authorized manager. The RAIF has both ISIN and CUSIP numbers, allowing it to be traded publicly in Europe and the U.S.
The RAIF was structured alongside with Octogone Group, a wealth management firm with a historically successful track-record providing high-level and tailor-made asset management services to families and institutions from Europe, the U.S., Latin America and the Middle East. NS Partners, one of Europe’s largest wealth management companies, provided assistance with the legal structuring. Banque de Patrimoines Privés, a Luxembourg-based boutique private bank, will act as depository for the platform.
“The resilience of the U.S. multifamily sector in 2021 has led to tremendous interest from investors around the world,” said Rodrigo Conesa, Managing Principal at Eagle Property Capital Investments. “The RAIF will provide a fast, cost-effective, simple and robust way for a broader range of investors to access risk-adjusted multifamily investment opportunities through Fund V”.
EPC Promecap Multifamily Partners V
EPC has teamed up with Promecap, a leading private equity firm based in Mexico City, to launch a new multifamily investment vehicle. EPC Promecap Multifamily Partners V, LLC (“Fund V”) aims to raise up to $400 million in equity commitments, with an initial closing planned for March of 2022. The capital raised in Fund V will allow for approximately $1.2 billion in the acquisition of value-add multifamily assets.
About Eagle Property Capital Investments
Eagle Property Capital Investments is a vertically integrated real estate investment manager pursuing value–add investment strategies through the acquisition, reposition, and management of multifamily apartment properties in Florida and Texas. Since 2011, EPC and its affiliates have acquired 33 multifamily residential properties containing over 7,900 apartment units and 4 more multifamily residential properties under contract that will add approximately 1,300 additional units to its portfolio. To learn more about EPC, visit www.eaglepropertycapital.com
Founded by Fernando Chico Pardo in 1997, Promecap is an institutional private equity firm based in Mexico City. To date, Promecap directly and through its private equity platform has completed over 70 investments and has more than US$3.3 billion in assets under management. Promecap is composed of a diverse team of seasoned investors with strong track record in multiple asset classes including structured debt, distressed assets, preferred equity and common equity through both private and public investments.
About Octogone Group
Established in Geneva in 1995, the Octogone Group provides high-level personalized services and rigorous, tailor-made asset management services to families and institutions from Europe, the U.S., Latin America and the Middle East. To learn more about Octogone Group visit www.octogone.ch/
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