The EUR 187.5 billion Crédit Agricole Assurances-Prédica is hoping to make more private equity real estate fund investments in the next 12 months. The insurance company has taken a patient approach to investing in real estate in the last couple of years, but wants to become more active this year. As well as investing in opportunistic funds through its mandate with a subsidiary, it is set to invest in funds that could take advantage of opportunities in the dislocated market. Accordingly, it is likely to commit to debt and distressed funds and also gain access to such markets directly. It has not decided on the number of funds it will commit to, or how much capital it will deploy. It has previously invested on a global basis, but its overall real estate portfolio is now split 80% to domestic markets and 20% to other European markets. It is not interested in investing beyond Europe in the foreseeable future.
More information on private equity real estate investors is available on Preqin's online product, Real Estate Online.