HDG Mansur adds property funds
HDG Mansur has added two funds to its roster. The HDGM International Property Fund is modelled after HDG Mansur’s HSBC Amanah Global Properties Income Fund launched in 2002. This closed-end income fund will invest in a global portfolio of properties initially targeted in markets throughout the US and Europe. Denominated in US dollars, the fund’s core investment strategy will be to invest in single- and multi-tenant properties leased to major corporations with stable or improving credit. The fund will be targeted to high-net-worth individuals and institutions and will aim to raise in excess of $200 million.
The second fund, the HDGM Opportunity Fund I, is a closed-end real estate fund, designed for investors seeking opportunistic returns and a strategically diversified portfolio of assets that will capitalize on the deteriorating credit market conditions. The fund will invest in strategically identified high-growth markets in the US. Also targeted to high-net-worth individuals and institutions, the fund will aim to raise $350 million.
HDG Mansur has managed, developed or advised on $5.8 billion in real estate investment on behalf of private clients and has $2.6 billion of real estate assets under management, including the world’s largest open-ended Shariah-compliant fund.