P+P advises LIQID on the launch of a real estate fund of funds
With P+P Pöllath + Partners, the digital portfolio manager LIQID has started its first real estate fund of funds with a volume of up to EUR 50 million. The focus will be on European and US residential and commercial properties in the Core Plus and Value Add segments, however, the fund of funds may also invest in Asia for the purpose of diversification.
The LIQID real estate fund of funds opens up the opportunity for experienced private customers to invest in a portfolio of up to 10 real estate target funds with widely diversified real estate assets.
LIQID considers itself a digital alternative to private banking institutions. Currently, in addition to portfolio management services, LIQID primarily offers its customers access to private equity and real estate funds that are often accessible for institutional investors only. LIQID's investment strategy is supported by the investment team of HQ Trust, the multi-family office of the Harald Quandt family, which will also select the target funds of the LIQID real estate fund of funds.
P+P Pöllath + Partners had previously advised LIQID on the launch of two private equity fund of funds. On the launch of the current real estate fund of funds, the following Berlin-based private funds team advised LIQID on all legal, tax and regulatory matters:
- Dr. Philip Schwarz van Berk (partner, private funds)
- Ronald Buge (partner, private funds/tax law)
- Dr. Joachim Mogck (counsel, private funds)
- Laura Baaske (associate, private funds/tax law)
