SFP AST: Capital raised far exceeds target
The capital measure was terminated early and, at CHF 200 million, was two and a half times as large as announced.
SFP Investment Foundation's most recent capital raising was significantly oversubscribed and was terminated prematurely on February 28. The original volume of CHF 80 million was increased to CHF 200 million due to the high demand, according to the investment foundation. Both existing and numerous new investors subscribed to the units. .
The first capital call of around CHF 100 million is to be made in April. SFP AST will announce the details of the further capital call after the capital increase.
The capital raising should actually have ended in mid-March (IB reported). At the beginning of February, the volume was stated to be between CHF 60 million and CHF 80 million. According to the announcement at the time, the funds were primarily earmarked for the purchase of residential properties in Geneva and St. Gallen with a purchase price of CHF 34 million. Further properties with a volume of over CHF 110 million were under review, it said. (aw)
