GT Financial launches mainland property fund

The open-ended fund targets raising up to $400 million during the next three years.

GT Financial Group has launched a dollar-denominated China real estate fund domiciled in the Cayman Islands.

GT Financial is wholly-owned by Poly Investments Holdings, a Hong Kong-listed conglomerate with a range of PRC activities. It is not related to the state-owned China Poly Group.

Targeted fundraising is $300 million to $400 million over the next two to three years. Maximum leverage will be 100% of net asset value.

The open-ended fund will invest by making direct purchases in first- and...

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