Akara fund completes capital increase
The Akara Swiss Diversity Property Fund PK has successfully completed its first capital increase. Shares in the amount of CHF 199.6 million were subscribed, and the fund received funds in the amount of approximately CHF 153 million.
The capital increase of the Akara Swiss Diversity Property Fund has been significantly oversubscribed, Akara Funds AG announces. "The majority of existing investors have exercised their subscription rights, the investor base has been expanded and the planned property acquisitions and construction projects can be implemented," says Karl Theiler, CEO of the fund company.
The new shares will be paid on September 29, 2017, and the corresponding funds will be used for further investments and to reduce debt.
The Akara Swiss Diversity Property Fund PK was launched in October 2016 and is aimed primarily at pension funds, social security funds and compensation funds. Investments are made in existing properties as well as in development and construction projects with the use types "residential and commercial" throughout Switzerland. The properties are mainly held directly.
Behind Akara Funds AG, which was founded in August 2016, are Karl Theiler (CEO and Partner) and Jonathan van Gelder (CIO and Partner). Theiler was Head of Real Estate Investments at Swisscanto Asset Management until March 2014, where he was most recently responsible for a real estate portfolio of around seven billion CHF. Van Gelder was Head of Direct Real Estate Investments at the listed Swiss Finance & Property Investment AG until May 2015.
