Company news: 360 Capital Group
The 360 Capital Group hasn't been sitting on its hands since the Centuria spinoffs. Last week it announced a capital raising for the Total Return Fund, which it manages and part owns.
The funds will be used to assist the launch of two new vehicles - a $370m private equity real estate fund, with the fund to provide opportunities for private investors to invest in Australian real estate. Secondly, 360 Capital is launching a finance group, which will provide financing solutions for Australian real estate investors and developers. These two new vehicles will be part owned by both the 360 Capital Group and the Total Return Fund (with private equity investors also having an ownership stake in the private equity real estate fund).