Dechert Advises Aukera on the Structuring and First Closing of a Luxembourg Real Estate Debt Fund
October 01, 2021
Dechert advised Aukera Real Estate AG, an independent, owner-managed investment boutique based in Essen/Germany, on the structuring and set-up of a Luxembourg real estate debt fund in the legal form of an S.C.A. SICAV-RAIF. The new fund follows the successful launch of Aukera’s first real estate debt fund in 2020 on which Dechert also acted as funds counsel. Following the first closing of the second fund, total commitments for both funds are approximately €700 million (with a focus on German insurance investors).
The Dechert team advised on all legal and tax aspects and included Hans Stamm (Financial Services/Tax, Munich/Frankfurt, Partner), Arne Bolch (Financial Services, Luxembourg/Frankfurt, National Partner) and Michael Bayr (Financial Services, Munich/Frankfurt, Associate).
About Dechert
Dechert is a leading global law firm with 22 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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