Union Square Capital Partners Registered USQ Core Real Estate Fund, a new interval fund.
USQ Core Real Estate Interval Fund
According to the Prospectus:
The Fund seeks to provide investors with returns equal to or greater than the NCREIF Fund Index – Open End Diversified Core Equity over an entire market cycle; however, it cannot guarantee that any targeted returns will be met and actual returns may vary materially… The Fund pursues its investment objective by strategically investing across private institutional real estate investment funds (“Private Investment Funds”) as well as a broad set of public real estate securities, including exchange traded funds (“ETFs”), index mutual funds (“Index Funds”) and closed-end funds and mutual funds (collectively with ETFs and Index Funds, “Public Investment Funds”), that invest principally, directly or indirectly, in real estate.
The fund may invest in common stock, preferrred equity, partership interests, along with convertible securities and unsecured debt. In addition, the fund may invest in real estate derivatives, although it does not expect to focus in this area.
About Union Square Capital Partners
Union Square Capital Partners, LLC (“USQ”), 235 Whitehorse Lane, Suite 200, Kennett Square, PA 19348, serves as the investment adviser to the Fund under an investment advisory agreement with the Fund (the “Investment Advisory Agreement”). The Adviser is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The Adviser is a Delaware limited liability company formed in October 2016, for the purpose of advising the Fund. The majority of shares in the Adviser are owned indirectly by Chatham Financial Corp. (“Chatham”), a Pennsylvania corporation.
Chatham is a premier, independent partner for commercial real estate investors seeking capital markets solutions. For more than 20 years, Chatham has worked with its clients to provide comprehensive financial risk management and investment management services to common CRE financial challenges, including debt management, defeasance & prepayment, foreign currency hedging, hedge accounting, interest rate, hedging, investment banking, regulatory compliance, and valuation services. Chatham works with 6 of the 10 largest US listed REITs and approximately 50% of all US traded REITs. Chatham actively works with over 35 of the 2016 PERE 50.
For more information on fund launches see Public Listing Update.