PMG launches $25m equity raise, doubles down on ECE
Property fund manager says latest equity raise will allow it to buff up its childcare fund, which it would like to see at about 8% of its $1b in assets under management.
PMG Property Funds Management is punting an annual return of 6.03% under its latest offer into its Direct Childcare Fund.
The Tauranga-based fund manager, which has more than $950 million of assets under management across a portfolio of 50 properties, will tap investors to raise between $5m and $25m
