Duet Private Equity has announced plans to launch a quoted mezzanine debt fund later this year to help fill a widening European commercial real estate financing gap. The Guernsey-incorporated closed-end fund, Duet Real Estate Finance, will be the first of its type to be traded on London's main market and will target a gross internal rate of return of 15%, Duet Private Equity said.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
