French VC firm sets up compartment for boutique
French venture capital firm Horizon AM, specialised in German and French residential property, has established a compartment for an institutional client of Paris-based boutique Salamandre AM.
Salamandre AM manages a dedicated fund for insurance group La Mutuelle d’Ivry – La Fraternelle (MIF).
Within this fund, Horizon AM will be responsible for the management of a compartment dedicated to a French real estate limited partnership (Sociétés de Libre Partenariat), launched in the third quarter of 2016.
Horizon group, which owns Horizon AM, has raised €32m from 330 investors for the financing of German and French property projects since 2012.