- What Desjardins Global Asset Management has launched a private real estate fund
- Why Vehicle targets investments with low debt and stable income
- What next Tony Roy will manage the fund
Desjardins Global Asset Management has launched a private real estate fund aimed at institutional investors.
DGAM Canadian Private Real Estate Fund’s initial investment was in a $300m core portfolio comprising multiresidential and industrial properties and shopping malls.
The vehicle focuses on investments with low debt and stable income, as well as a low correlation to traditional asset classes.
Tony Roy, vice president and head of real estate investments, will manage the fund under the direction of Frédéric Angers, vice president and chief investment officer for private markets.
The 10-person real estate investment team, based in Montreal, Toronto and Lévis, Que., has nearly $4bn of real estate assets under management.
