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30-04-14

USD125m fund established for GCC investors

(MENAFN) RiverCrossing Capital Partners has announced its launch with the USD125 million RiverCrossing Alternative Real Estate US fund, Arab News reported. RiverCrossing Alternative Real Estate US has been established with Virtus Real Estate Capital, a leading US manager with investments exceeding USD2.3 billion in the domestic market in the past ten years. The fund will invest in real estate properties in senior housing, student housing, medical offices and self-storage across the US. RiverCrossing Capital Partners is an alternative investment management firm that provides Shariah-compliant investment opportunities to investors from the GCC.