LOS ANGELES—Palisades Mexico Partners has launched the Palisades Private Capital Fund I targeting foreign investors from Latin American countries. The fund in currently raising $50 million and plans to raise $100 million in commitments this year. The company is a joint venture between Palisades Capital Realty Advisors and Sergio Arguelles, president and CEO of the Mexican-based firm FINSA.

According to Joaquin de Monet, the founder and managing principal of Palisades Capital Realty Advisors, the fund aims to capitalize on the recent increase in liquidity in Mexico due to the formation of Mexican REIT FIBRA. “FIBRA has increased competition and compressed yields to a level that improves the attractiveness of US investments,” de Monet tells GlobeSt.com. The ongoing conversation about foreign investors is usually focused on Asian investors, and European investors, to a lesser extent. However, Latin American investors are also seeking US real estate opportunities for “growth prospects in a developed economy, safety and a hedge against local currency.” 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.