(Alliance News) - Mediobanca Private Banking, a division of Mediobanca Group, has raised EUR484.0 million for an innovative real estate co-investment program developed in collaboration with Mediobanca SGR and UBS Asset Management, Il Sole 24 Ore writes Tuesday.
The initiative offers wealthy clients the opportunity to participate directly in transactions selected by UBS Asset Management, deciding on a case-by-case basis the amount to be invested through dedicated sub-funds of the fund established by Mediobanca SGR.
Access is restricted to co-investment transactions together with institutional investors and global funds, a particularly attractive opportunity at a time of strong correction in real estate prices in sectors such as residential, logistics, data centers and healthcare. The minimum investment per client is EUR500,000 per transaction.
Mediobanca Private Banking is not new to these initiatives: its platform in Private Markets has already raised EUR5.00 billion, offering access to investments in unlisted Made in Italy excellence and trophy assets in Milan, as well as collaborations with partners such as BlackRock, KKR, Apollo and Russell Investments.
"This initiative, unique in Italy, confirms the interest of clients with large assets in innovative solutions that diversify their portfolios," said Angelo Viganò, head of Mediobanca Private Banking.
By Antonio Di Giorgio, Alliance News reporter
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