KD Adriatic Value Fund bought Austria Trend Hotel from CA Immo for an undisclosed sum. : A newly launched southeastern Europe property fund backed by Peakside Capital has added a 214-room hotel asset to its portfolio. KD Adriatic Value Fund, managed by KD Funds in partnership with Peakside, bought the Austria Trend Hotel from CA Immo for an undisclosed sum. In April last year, asset manager KD Funds and Peakside launched the KD Adriatic fund, the first regulated real estate alternative investment fund in Slovenia.