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Qualitas to launch 2nd A$300M opportunity real estate fund

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Qualitas to launch 2nd A$300M opportunity real estate fund

Melbourne-based nonbank real estate lender Qualitas expects to launch a second A$300 million opportunity real estate fund in the coming weeks, IPE Real Assets reported.

Qualitas raised more than A$100 million for its open-ended Qualitas Senior Debt Fund at first close, the report noted, adding that the lender plans to raise at least A$500 million for the fund by 2019.

Qualitas Group Managing Director Andrew Schwartz told the publication that its A$300 million Qualitas Opportunity Fund I is now fully deployed.