
Schroders Capital Launches “Semi-Liquid” Global Real Estate Fund
Schroders Capital has launched its first global private real estate fund, Global Real Estate Total Return (GRETR), a semi-liquid fund that aims to “democratize” private assets, according to the firm.
The fund, managed by Kieran Farrelly, head of real estate solutions, and portfolio manager, Yim-Mei Liew will focus on global real estate strategies including direct investments, alongside minority investments in public real estate equity and higher yielding real estate debt.
“The GRETR fund will enable a wide range of investors to gain exposure to a selected portfolio of compelling global real estate opportunities through an efficient ‘one-stop’ solution,” said Farrelly.
The vehicle is the latest in UK-based Schroders’ $1 billion semi-liquid fund series.
The appeal of semi-liquid vehicles lies in their ability to meet redemption requirements more regularly than a traditional closed-ended fund. By offering periodic liquidity, they could alleviate some investors’ reluctance to be locked into a fund for a decade, and by limiting redemptions in a given period, they could also control outflows.
