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Fiera Real Estate announces the opening of the Fiera Canadian Real Estate Debt Fund L.P. to external investors, reinforcing its growth strategy
Fiera Real Estate announces the opening of the Fiera Canadian Real Estate Debt Fund L.P. to exter...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\n Fiera Real Estate announces the opening of the Fiera Canadian Real Estate Debt Fund L.P. to external investors, reinforcing its growth strategy\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n MONTREAL\n \n\n ,\n \n\n Oct. 1, 2024\n \n\n /CNW/ - Fiera Real Estate Investments Limited (\"Fiera Real Estate\") is pleased to announce the opening of the Fiera Canadian Real Estate Debt Fund L.P. (the \"Fund\") to qualified external investors, marking a key step toward the expansion of its real estate financing strategy created in 2006 (the \"Strategy\"). This initiative aims to significantly increase investment opportunities by raising additional capital from private and institutional investors, with a goal of reaching\n \n CAD 1.5 billion\n \n in capitalization over the next few years.\n \n\n The Fund is structured as a limited partnership and operates as an open-ended fund that aims to provide stable and attractive returns. It achieves this through short-term investments with real estate developers and landowners to support their construction projects or the redevelopment of their real estate assets in\n \n Canada\n \n . The Strategy aims to preserve unitholders' equity while generating competitive returns, providing investors with liquidity and a stable stream of distributions from these investments.\n \n\n \"Over the past 18 years, the Strategy has demonstrated its ability to generate solid and consistent returns. Opening this Fund to qualified external investors is an exceptional opportunity for those seeking a reliable investment in the Canadian real estate sector. We remain true to our investment philosophy of risk management and capital preservation, and I am confident that the Fund will continue to offer highly competitive returns,\" said\n \n Pierre Pelletier\n \n , Senior Managing Director and Head of Development and Debt.\n \n\n Since its inception, the Strategy has delivered supe...