Want to invest like the Lowys? Now you can
Assembly Funds Management, the investment house backed by the billionaire Lowy family, has begun raising finance for a second property fund, reflecting growing appetite for non-bank real estate debt.
Assembly Funds Management was set up in 2019 with $75 million from Frank Lowy – who has a personal fortune of $9.33 billion, according to the Financial Review Rich List – and the Lowy Family Group in partnership with private equity firm Alceon. It attracts money from local and foreign high-net-worth family offices as well as institutional investors.
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