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The Quintessential Equity Master Fund No. 2 targets a $150m raise

Invest / Direct Property Funds

Australia

Jul 03 2019

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To accommodate yield investors Quintessential Equity is set to launch a commercial property fund, which will shortly raise $150million from investors. This comes off the back of its successful $112millino capital raise which commenced in April last year. The Quintessential Equity Master Fund No. 2 will be an unlisted property fund comprised of a number of single trusts each owning a property but coming under the one umbrella. The fund will target an annual rate of return in excess of 8 percent. The Quintessential Equity Master Fund No. 2 is aiming at a commercial property portfolio of $200 million with gearing. 

Quintessential has delivered an average net IRR of 23.4 per cent across its portfolio over the past nine years.

 

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