Initially, 3 seed assets (Capri Frankfurt, Capri Barcelona, Frasers Place Berlin) worth S$154 Mil will be injected into the Fund. Eventually, target pipeline assets of ideally bit-sized deals of around S$50 Mil to S$100 Mil are to be acquired, yielding at least 6.5% to 7% at EBITDA level to achieve a target return of 12% for the investors.