Thursday 16 May 2019

​AENEAS CAPITAL AND PYRINAS TARGET LAUNCH OF US$120M FUND TO DEVELOP CO-WORKING LABORATORY ECOSYSTEMS FOR LIFE SCIENCES START-UPS IN THE UNITED STATES

HONG KONG, May 16 (Bernama-BUSINESS WIRE) --
  • Aeneas Capital and Pyrinas, both affiliated companies to Aptorum Group Ltd (Nasdaq: APM), is launching its flagship fund - Pyrinas US Healthcare Real Estate Fund 1 SP – to acquire and develop co-working space and incubator facilities for the life sciences sector in the United States;
  • Opportunity to invest in one of the most vibrant real estate sectors in the U.S. that is currently not available in most of the Asia Pacific countries. A great geographical and asset class diversification of Asia Pacific real estate investment;
  • Tap into the life sciences sector that generally has one of the highest barriers to entry amongst different industries;
  • Experienced and unique advisory/management team in this specific sector with established operation track record.
Aeneas Capital Limited (“ACL”) and Pyrinas Real Estate Management Limited (“Pyrinas”), based in Hong Kong, is launching a US$120m innovative closed-ended property fund – Pyrinas US Healthcare Real Estate Fund 1 SP – with a geographical focus on selected cities across North America. Supported by the ecosystem of its affiliated company, Aptorum Group (Nasdaq: APM), the fund’s key investment objective is to acquire and redevelop real estate into shared laboratories and incubator facilities for life science sector start-ups, one of the most vibrant sectors in North America. The fund will focus its investments in primarily four North America mandated cities (namely Cambridge, Boston, Houston, and San Francisco in the United States and Toronto in Canada).

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