Launches & Fundraising

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Norway’s KLP and German investors commit over EUR270m to Catella European Residential Impact Fund

Norway’s KLP and German investors commit over EUR270m to Catella European Residential Impact Fund

The Catella European Residential III Fund (CER III), relaunched as the first ‘dark green’ pan-European residential ESG impact fund, has attracted a total of over EUR270 million in mandate commitments from Norway’s largest pension company KLP and a group of eight German pension funds and insurers.

FUNDRAISING

Azora exceeds target for latest European hotels and leisure fund by 36 per cent with EUR815m final close

Azora exceeds target for latest European hotels and leisure fund by 36 per cent with EUR815m final close

Azora, the Madrid-based European private equity real estate manager, has completed the final close of its latest pan-European hospitality fund, Azora European Hotel & Lodging, (Azora EH&L), with EUR815 million in total commitments plus additional co-investment capital, implying a 36 per cent increase over the original EUR600 million target.

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Tishman Speyer launches residential special fund in Germany

Tishman Speyer launches residential special fund in Germany

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.

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Morgan Stanley Investment Management raises USD3.1bn for North Haven Real Estate Fund X Global

Morgan Stanley Investment Management raises USD3.1bn for North Haven Real Estate Fund X Global

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.