Date Published: 25 July 2019
CNPLaw LLP (“CNP”) acted as a lead counsel for the successful launch of Fraxtor Capital SPC (“Fund”), a Cayman Islands domiciled segregated portfolio company with an investment focus in real estate investment opportunities. The Fund employs a blockchain-enabled co-investment platform for investors to invest in “byte-sized” global real estate investment opportunities otherwise out of reach. The Fund has successfully launched its first segregated portfolio focused on the development of a residential real estate investment project in Singapore. The Fund is only offered to high net worth persons.
The Fund is managed by Fraxtor Capital Pte. Ltd. (“Manager”) which comprises of seasoned real estate investors well known within the industry. The Fund will be able to tap on the Manager’s wide networks and deep expertise in real estate investment.
Mr Amit R. Dhume, Partner at CNP said:
“We are pleased to be part of the process of changing the real estate investment space by decentralising international real estate investment opportunities and making it accessible to a wider range of investors based on blockchain technology. We believe technology will be a key disrupter in the investment funds space as more and more people become tech-savvy.”
We provide legal advisory services to fund managers, investors and investee companies in relation to both open-end funds and closed-end funds that deal with a variety of asset classes and employ different investment strategies including hedge funds, private equity funds, venture capital funds, mutual funds, commodity funds and exchange traded funds.
CNPLaw’s Real Estate practice has the expertise, experience and resources to handle work spreading across the residential, commercial and industrial asset classes, and to advise on all aspects of property transactions in Singapore. Our major clients include multinational corporations (MNCs), small and medium-sized enterprises (SMEs), property developers, construction companies, property funds, property-holding entities, asset managers, family offices, non-profit organisations, real estate investment trusts (REITs), as well as government agencies.