Fresh money for the Akara Swiss Diversity Property Fund PK

Akara Funds AG, a company specializing in real estate fund development, management and real estate asset management, has successfully completed the second capital increase for Akara Diversity PK (Akara Swiss Diversity Property Fund PK). The issue injected fresh funds of around CHF 194.6 million into the fund's coffers.

The Akara Diversity PK thus remains on its forecast growth path, comments Karl Theiler, CEO of Akara Funds AG, on the result of the capital measure: "We are very satisfied, our goals have been achieved. We were able to further expand the investor base."

According to the information, the second capital increase of the real estate fund launched in October 2016 was oversubscribed; nevertheless, all new investors could be served according to their wishes, the fund company says. There are now 448,800 units in circulation, distributed among a total of 66 investors. The two largest investors now hold around 36 percent, the five largest investors around 50 percent and the ten largest investors around 67 percent.

The capital increase will be fully invested by the beginning of July, as announced by the fund management. The fresh capital will be used to invest in real estate assets and projects throughout Switzerland in line with the fund's investment policy. Furthermore, short-term borrowed capital is to be reduced. The new shares will be paid on June 26.

The Akara Diversity Propery Fund PK is open to tax-exempt pension funds domiciled in Switzerland as well as social security and compensation funds. In addition, investment funds may also invest, provided that their investor base consists exclusively of the aforementioned tax-exempt institutions domiciled in Switzerland.