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Ocorian assists SilkRoad Property Partners with first close of Core-plus real estate fund

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Ocorian assists SilkRoad Property Partners with first close of Core-plus real estate fund

We are delighted to have assisted private equity real estate firm SilkRoad Property Partners (SilkRoad) with the first close of its Core-plus real estate fund, at US$144 million including top-up commitments.  

The Core-plus fund targets pandemic resilient sectors such as logistics and industrial, multi-family and senior living, service and convenience retail, and high growth real estate (led by IT and life sciences), in Singapore, Hong Kong, Japan and at a later stage, China, for a long-term return target of 8-10% per annum, on 50% leverage.  

Peter Wittendorp, CEO of SilkRoad Property Partners, said, “This is a high conviction strategy, based on our own operating experience in these markets and asset classes. We look to leverage our sourcing and asset management capabilities honed from years of successfully investing the SilkRoad Asia Value Partners series to create value. We are grateful to the investors who also believe in this strategy and have placed their faith in us to launch the fund.”

He added, “We are pleased to work with quality partners like Ocorian, who have been our service provider of choice for over seven years. Their agile approach and can-do attitude have been a great support for our business.” 

Our Managing Director (AIFM Services) and Head of Funds for Luxembourg, Thomas Fahl said: “We’re delighted to be the main service provider for SilkRoad’s new Core-plus fund, continuing our valuable relationship that started with SilkRoad Asia Value Partners. We look forward to continue supporting SilkRoad in delivering strong performance and highest standard of services to investors.” 

Head of Global Funds, Garrett Breen commented: “We are delighted to be building on our long-standing relationship with SilkRoad. It is great to see that our clients recognise the value we deliver to them and their investors. Our goal is to simplify complexity and use our expertise to deliver across the life cycle of the structures they have established.” 

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