Starlight Capital to launch global real assets trust

Starlight Investments Capital plans to launch the Starlight Hybrid Global Real Assets Trust, which will invest in global real estate and infrastructure.

Starlight said Monday that it has filed a preliminary prospectus with Canadian regulators for an IPO of series A units, series C units and/or series F units at an offering price of $10 per unit.

The trust will offer exposure to institutional real assets in the global real estate and infrastructure sectors, and will aim to provide stable monthly cash distributions and long-term capital appreciation, a release says.

The trust will invest no less than 60% of net capital raised into a subsidiary, Starlight Global Real Assets LP, which will hold an actively managed global portfolio of real estate and infrastructure securities, the release adds.

Additionally, the trust will allocate up to 20% to each of the EagleCrest Infrastructure Canada LP and the Starlight Canadian Residential Growth Fund, a new fund that will directly invest in Canadian multi-residential real estate properties and portfolios. 

Also read: New funds from Starlight Investments Capital

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