Castleforge Partners, a UK-based real estate fund manager, has held the final close of its third value-add commercial real estate fund at over GBP270 million.
Launches & Fundraising
PfP Capital, a fund management business established by Places for People, has secured investments from two major UK pension funds as part of its fund-raising target of GBP160 million for its affordable housing-focused Fund.
BNP Paribas REIM announces has launched the Healthcare Property Fund Europe (HPF Europe) in H1 2020 with initial equity commitments close to EUR200 million.
Brasa Capital Management has closed its first credit vehicle, Brasa Credit I, which will allow the company to provide both debt and equity on commercial real estate transactions up to USD100 million on behalf of its pension fund investors.
Hillview Real Estate, the UK regional office investor, has launched its third UK commercial real estate fund, Hillview Partners Property Fund III, with a target size of GBP300 million.
Angelo, Gordon & Co, a USD35 billion alternative investment firm focused on credit and real estate investing, has raised over USD1.5 billion in equity commitments for its most recent European real estate fund, AG Europe Realty Fund III, exceeding the Fund’s USD1.2 billion target and hitting its hard cap.
PATRIZIA, a partner for global real assets, has held the final close of its flagship discretionary value add fund, TransEuropean VII LP (TEP VII), which has reached its equity hard cap of EUR750 million.
Gresham House plc (Gresham House) has secured total commitments of GBP300 million for its British Strategic Investment Fund (BSIF), reaching the upper limit of the final fundraising target for this compelling strategy.
London Chelsea Limited is partnering with SolidBlock, a digital securities issuance and trading platform, to raise financing for London Digital Bond, a new property fund that invests in prime residential real estate.
Sculptor Capital Management has held the final close of its fourth opportunistic real estate fund, Sculptor Real Estate Fund IV LP (SRE IV), with total capital commitments of USD2.6 billion. Ropes & Gray advised Sculptor Capital on the fund.