Pursuits
Queensgate Raises Property Fund That May Spend $1.6 Billion
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Queensgate Investments LLP, set up by Jason Kow and family asset manager LJ Group, raised a distressed European real estate fund capable of making as much as 1 billion pounds ($1.6 billion) of acquisitions.
Wealthy families pledged 100 million pounds to Luxembourg-registered Queensgate Investment Fund I and may add another 400 million pounds, the company said today in an e-mailed statement. The fund will finance at least half of each acquisition with debt.