Meag, Mapfre team up for core Europe office fund, could grow to EUR1 Billion
Meag, the asset manager of Germany's Munich Re Group and Ergo, has attracted Spanish insurance firm, Mapfre, for a core European office fund aiming to invest up to EUR500 million by 2023. Mapfre is the seed investor along with Meag, both of whom are contributing assets in the first place, but the fund will be opened to different institutional investors from Germany and Europe in 2024, leading the partners to think it could grow to EUR1 billion by 2025. This...