FIRCE CAPITAL FUND
LONG TERM CAPITAL APPRECIATION
ROMAIN MULLER
Capital Fund Managing Director
With more than 20 years of experience in real estate in Luxembourg, of which he spent most of his time leading JLL’s Luxembourg branch, Romain Muller was looking for a new challenge. Representing a logical continuation to his career, this position will allow him to enhance his entrepreneurial skills whilst capitalising on his extensive knowledge of the industry.
His experience and knowledge of both local and international real estate markets acquired over all these years represent a critical advantage of our growth strategy».
Christophe Fournage (Chief Executive Officer)
BUY
We find and acquire the best real estate opportunities
FIX
We reposition the properties to maximise value creation
SELL
We hold and sell at the right time to deliver the best returns
Firce Capital Fund is designed to generate long term capital appreciation through a portfolio of real estate. The fund is divided into 2 compartments. The first one will focus solely on Luxembourg, whilst the second one will also invest in other prime locations in the EU.
The Fund will purchase, reposition, hold, and sell institutional quality real estate.
The Fund will focus on the acquisition of real estate with promising development or redevelopment potential. It is through the process of rightly repositioning the purchased assets that Firce Capital will ensure maximum value creation.
The Fund’s investments will be primarily concentrated on the office and residential sectors. The goal is to build well-resourced portfolios in which each asset can make a meaningful contribution to the Fund’s performance.
Firce Capital will implement a disciplined research-based investment process that informs the long-term portfolio allocation as well as the short-term tactical adjustments.
3 key principles
Great location
Conservative Valuation
Extensive Value Creation Potential
Firce Capital has significant experience over all phases of the Fund’s investment strategy. Its in-house teams are specialised in real estate acquisition, financing, development, and asset management. A key competitive advantage also stems from the executive team’s broad network, enhancing the ability to execute the Fund’s ambition.
To lead the Fund, the executive team can rely on its comprehensive knowledge of the real estate market of Luxembourg. Above all, offers a European expertise at the forefront of its industry.
The highly experienced investment professionals leading Firce Capital have excellent credentials in crisis management to successfully drive the Fund even through decreasing real estate investment cycles.
INVESTMENT PHILOSOPHY
At Firce Capital, we invest where we can make a positive impact and where we believe there is significant potential reward for our clients.
Our investment decisions always result from our own consistent and rigorous work; and once invested, we frequently review the portfolios with a proactive mindset
ESG factors are always considered when assessing investments opportunities as we pursue ambitious sustainability standards.
FUND DETAILS: SCSP SICAV-FIAR
LEGAL STRUCTURE: Luxembourg
INCEPTION: 2020
COMMITMENT: €500k minimum
TARGET IRR (NET): 8-10%
FUND ADVISOR: Firce Capital
FUND DEPOSITARY: Banque de Luxembourg
FUND LEGAL COUNSEL: Clifford Chance
FUND AUDITOR: Ernst & Young
AIFM: Fuchs & Associés Finance
CENTRAL ADMINISTRATION: EFA
