LRI Group has partnered with Aggregate Debt Advisory GmbH (Aggregate) to launch its Aggregate Debt fund in the form of a Reserved Alternative Investment fund (RAIF).
LRI Invest will act as the Alternative Investment fund manager (AIFM) while Aggregate will function as the investment advisor.
The focus of the investment strategy lies in building a diversified portfolio of mezzanine loans, with an emphasis on residential real estate development in Germany. It seeks a projected annual return of 6-8 per cent and a term of up to 7 years.
The fund is aimed at pension funds, insurance companies and family offices and will initially be registered for distribution in Germany, Austria, Switzerland and Luxembourg.