ARA Asset Management Limited, which recently partnered with Venn to form ARA Venn, participated as a cornerstone investor.
VeCREF II will invest in whole loans secured by commercial real estate assets across Western Europe. It targets a net internal rate of return (IRR) of mid to high single digits and regular quarterly income distributions for its investors.
The fund’s investment strategy targets loans secured by value-add real estate opportunities across all asset classes with a focus on Western Europe.
