FUNDS - Profimex investors share ranges between 3-99%
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Profimex Global Real Estate Fund I
Fund Manager: The Townsend Group
Closing: November 2007
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A fund of funds that is designated to capture superior risk adjusted returns by creating a highly diversified portfolio of real estate properties in Asia, Latin-America and Europe. The fund was created to generate equity-like returns and superior long time growth with relatively low correlation to the public equity market.
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Total Commitments: $65 million of equity
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Profimex AP EU Fund III
Fund Manager: Apollo Real Estate Advisors
Closing: September 2007
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Apollo Real Estate Advisors 3rd European opportunity investment fund. This fund continues Apollo's successful twelve year European investment approach. Apollo benefits from its strong presence in Europe and its ability to undertake transactions not available in the open market.
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Total Commitments: $1.4 billion of equity
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MREI - Milestone Investors Fund II
Fund Manager: Milestone Group
Closing: August 2007
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The fund is focusing on class -A/B multifamily investment opportunities in the US. The assets are located in primary and secondary markets throughout the US and are income producing properties that are underperforming and require capital improvements to produce capital gains.
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Total Commitments: $100 million of equity
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Diversified German Retail Fund
Fund Manager: Taurus Investment Holdings
Closing: April 2007
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Profimex has created an investment vehicle that includes two Taurus German retail funds, Taurus Euro Retail Fund I and II. Taurus Euro Retail Fund II was created to seek arbitrage pricing and temporary market inefficiencies in the German retail real estate sector. The fund will assemble a 300 million Euro portfolio with a similar strategy to the first German Retail Fund.
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Total Commitments: 101 million Euro of equity
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First India Real Estate Fund
Fund Manager: Apollo Real Estate Advisors
Closing: December 2006
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The fund's strategy is to acquire and develop real estate assets throughout India by focusing on development. The profound shortage of modern assets in all real estate classes in India, supported by the increasing demand for these assets is the target for this fund.
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Total Commitments: $630 million of equity
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Apollo Real Estate Finance Corporation (AREFIN)
Fund Manager: Apollo Real Estate Advisors
Closing: December 2006
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A real estate finance company created to expand on a unique approach to debt investments by originating loans and investing in debt instruments backed by real estate.
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Total Commitments: $625 million of equity
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