RLI Investors targets €400m with second logistics fund

The Munich-based fund manager says it plans to follow the success of its 2014-vintage debut vehicle, which raised €250m. 

RLI Investors, the Munich-based real estate fund manager, has launched its second real estate fund aimed at German logistics assets.

The firm has already raised €100 million from institutional investors towards RLI Logistics Fund-Germany II and is targeting a total of €400 million. Through the fund, it will focus on acquiring industrial, retail and e-commerce logistics properties across Germany.

The open-ended vehicle, which is targeting an annual distribution yield of 6.75 percent, will follow the core-plus strategy of its predecessor. RLI’s first fund, launched in 2014, attracted €250 million of capital and is now fully invested.

RLI said it launched the second vehicle in response to strong demand among institutional investors for alternative financial investments with attractive risk/return profiles.

“The new product targets both existing and new investors. Our extensive network, our many years of experience and our strong expertise enable us to identify attractive buying opportunities and secure properties for the fund including in tight markets,” said Sophie Schweimer, fund manager at RLI.

RLI recently bolstered its real estate team with the hire of Katrin Poos as managing director. Poos joined from Signature Capital, where she was head of asset management since 2014. From 2002 to 2008 she was managing director at Cromwell, formerly Valad.