GxG Legal advises HT Group on the launch of its first opportunity fund in Luxembourg
- Valerie Raquel Kurth
- Jan 3, 2024
- 1 min read
Together with Arendt & Medernach (Francis Kass, Investment Management) and WTS Germany (Dr. Steffen Neumann, Investment Tax Law), GxG Legal, led by Dr. Nikita Gontschar, advised HT Group on the launch of its first fund in Luxembourg (SICAV-RAIF). The initial fundraising target is set at EUR 200 million, with the potential for an increase.
Under the leadership of CEO Christoph Horbach, HT Group is forging a new path to attract investors in a challenging market environment. With an opportunistic investment vehicle, the company aims to deliver high returns. HT Group currently manages approximately EUR 2.5 billion in assets across various funds, with a strong focus on core risk classes.
Given the current market conditions, Horbach identifies significant potential in funds that unlock value by acquiring properties with distressed capital structures or through strategic equity investments. With an initial equity commitment of EUR 200 million, the HT Special Opportunity Fund SCA, SICAV-RAIF starts at a conservative scale, while its ambitious target return of 13% to 15% IRR per year sets it apart.
HT Group is primarily focusing on German office and mixed-use properties in prime locations that either face refinancing challenges or are advanced-stage developments in need of a capital partner.
Press: Immobilienzeitung