Verius Capital: Real estate fund worth billions under pressure

Zurich, Frankfurt Investors received the bad news at the end of November: The value calculation for the Verius real estate financing fund was suspended, according to a letter to the investors that was available to the Handelsblatt. This goes hand in hand with the fact that the redemption of fund units is “no longer possible” for the time being.

The fund’s distributions, which are based on the net asset value, were also stopped. Neither the fund’s investment advisor, Verius Capital AG, based in the Swiss tax haven of Zug, nor the responsible fund service provider Hauck & Aufhäuser want to comment on the background.

For investors such as pension funds and insurance companies, an anxious waiting period has begun: in September 2022, they had directly and indirectly invested more than 1.2 billion euros in the fund. It is now unclear how much the investment is still worth. A professional investor says about the suspension of the value calculation: “It’s not a good sign. We lack essential information.”