Carneo Real Estate Solution
Invests in real estate related investments which maximize risk-adjusted returns and long-term capital.
About the Fund
Invests in real estate related investments which maximize risk-adjusted returns and long-term capital appreciation in diversified portfolios alongside best in class partners. Focus on fund structures with preferred economics which are also designed to mitigate the J-curve: clubs, joint ventures and co-investments along with select primary funds and secondary interests. The U.S. Real Estate portfolio invests exclusively in U.S. fund managers.
- An Evergreen US Real Estate fund of fund which provides investors with the opportunity to invest in a mature top-quartile portfolio.
- The US Real Estate Fund offer investors a cash flow positive portfolio with 14+ years of vintage diversification to a leading group of real estate managers
- Firstly, the fund is designed to enable an investor seeking to increase exposure to real estate assets to be fully invested in mature private assets from the outset, skipping the 5-8 year buildout period typically experienced by investors or fund managers constructing a new portfolio. Building a well-diversified real estate portfolio from scratch can take several years, often with negative returns in the early years while the portfolio reaches maturity.
- Secondly, mature real estate assets have historically proven to produce strong cash flows and to deliver meaningful increases in value at exit. Our real estate fund is cash flow positive and we have consistently observed a meaningful uptick in valuation when assets are ultimately exited.
Number of fund managers18
Geographies75% North America, 18% Europe, 7% Emerging markets
Asset mix36% Multifamily, 23% Office, 9% Hotel/Leisure, 9% Retail, 5% Residential, 18% Other