IWS Equity, a Toronto-based investment fund manager serving Canadian institutional and private wealth clients, has debuted the IWS Real Estate Growth Fund targeting high-quality mid-market real estate across all sectors in Canada.
According to the company, the new fund is anchored by an investment of up to $100 million, or one-third of the targeted $300 million raise. IWS Equity is seeking investment from qualified investors, and the company added the fund is targeting returns of 20%.
IWS Equity is a joint venture led by John Ho of Institutional Mortgage Capital and Paul Aiello of Wadsworth Mortgage Capital.
“Our long-standing relationships continue to present us with attractive opportunities in real estate,” said Ho. “Our equity platform has proven itself, leveraging our principals’ long-standing institutional approach to delivering premium risk-adjusted returns for investors.”
Aiello added, “Our years of combined experience add tremendous value to our portfolio. Importantly, our insight is valued by the operators and developers we partner with who look to us for innovative advice. Our committed involvement in each investment takes fund performance to the next level, further minimizing downside risk.”