Prime Capital holds aviation first close, launches real estate vehicle

The German fund manager has agreed partnerships to make debt investments in the aviation and real estate sectors.

Prime Capital has held a first close on a fund investing in aviation debt and announced it is launching a real estate vehicle.

The Frankfurt-based fund manager said it has reached a first close on the Prime Capital Aviation Debt Fund at $115 million. The fund is seeking additional investments to reach its $400 million target.