SCOR Investment Partners, the asset management company of the SCOR group, has held the final closing of the SCOR Real Estate Loans IV fund, having raised EUR629 million in commitments.
Launches & Fundraising
European PropTech VC, Pi Labs, has secured three new investors who will join as limited partners (LPs) of its third institutional fund, Fund III.
Tishman Speyer is launching a new residential product for German institutional investors. The Tishman Speyer Wohnen Deutschland (TSWD) is a special fund focusing on the acquisition of centrally located and well-connected new residential properties in cities and metropolitan regions in Germany with stable rental demand, positive demographic trends and strong regional economies.
Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley Investment Management, has raised ~USD3.1 billion for North Haven Real Estate Fund X Global (G10), exceeding its original fundraising target and surpassing the size of its predecessor fund, North Haven Real Estate Fund IX Global.
LGIM Real Assets has completed an oversubscribed GBP150 million equity raise on behalf of the Industrial Property Investment Fund.
Nuveen Real Estate, one of the largest real estate investment managers globally, has completed the first close of its third UK debt strategy, having secured cGBP140 million in initial commitments.
PGIM Real Estate has raised USD1.1 billion in equity capital at the final close of the second in its series of European value-add funds, European Value Partners II (EVP II), including sidecar investments.
Gresham House plc, the specialist alternative asset manager, has secured GBP100 million in commitments for the first close of its GBP500 million British Sustainable Infrastructure Fund II (BSIF II) strategy.
Whitehelm Capital (Whitehelm) and APG Asset Management NV (APG), acting on behalf of pension fund client ABP, have announced the closing of the second funding round of the Smart City Infrastructure Fund (SCIF), bringing total fund size to EUR750 million.
Axia Real Assets (Axia), an asset manager focused on global real estate and infrastructure, has closed the Axia US Grocery Net Lease Fund I (AXGNL I) at CAD50 million.