The iCapital Virtus Diversified REIT will provide Canadian wealth managers with streamlined exposure to VREIT's non-listed real estate portfolio.
Launched in 2022, the non-traded vehicle invests across venture capital, private credit, and private equity.
The addition broadens the platform's offering of evergreen and ELTIF 2.0 investment opportunities for wealth managers across eligible EMEA markets.
EvergreenLink outlines the investment strategy, performance, and other key details of the iCapital Network Canada-managed fund.
EvergreenLink examines the Q2 capital flows, investment activity, and performance of Fairway's tender offer fund that is now available on iCapital.
The Florida-based manager has added its private credit strategy to the platform, following the launch of its CLO-focused interval fund earlier this month.
Funds managed by Apollo have invested more than $1 billion in a joint venture with the trust, which will use the proceeds to repay a significant portion of its credit facility.
The capital raise, which will fund further acquisitions across Canada, was completed through an iCapital-managed investment vehicle.
The sale-leaseback deal, completed through a JV with Fetner Properties, follows the fund's conversion from a tender offer to an interval structure, while still being taxed as a REIT.
The addition of a real estate strategy provides individual investors and family offices with access to funds managed by Morgan Stanley, PGIM, and Starwood Capital.
