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Nicaragua: Investment Fund Company Opens

Emiliano Maranhao (centre) made the announcement
Emiliano Maranhao (centre) made the announcement of the fund.

NICARAGUA NEWS == Grupo Invercasa has received authorization to create and manage funds in real estate and financial investment in the country and plans to raise us$150 million over the next five years.

With the creation of the fund management company Invercasa the aim is to raise investment of $150 million in the first five years of operation, primarily through the model of real estate investment funds.

The absence to date of real estate investment funds in Nicaragua had led many investors to seek out these instruments in Costa Rica, where the fund market is more developed. Representatives from Invercasa pointed to several “… Nicaraguan businessmen with investments in real estate funds in Costa Rica … who are willing to invest in a national fund.”

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Source: elnuevodiario.com.ni

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