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Duet To Float RE Mezzanine Fund

U.K.-listed real estate mezzanine finance fund, Duet Private Equity, will be floated later in 2011.

U.K.-listed real estate mezzanine finance fund, Duet Private Equity, will be floated later in 2011, Financial Times reports. The firm is talking to investors about backing the listed investment vehicle that will buy and originate property-backed debt.

Oriel Securities is advising Duet. It has started a road show to raise money for the company, which will have an official London market listing. Duet is targeting a net dividend yield of 7% when fully invested.

Click here for the story from Financial Times.




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