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.
Launches & Fundraising
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.
Riaz Capital, a Bay Area-based real estate development and management company, has unveiled its latest opportunity zone-compliant development fund that will expand its visionary strategy for delivering cycle-resistant investor returns on housing for the Bay Area’s underserved urban workforce.
Hines secures USD108m from Israeli investors as Menora Mivtachim joins flagship European real estate fund
Hines has raised USD108 million from Israeli investors for one of its flagship European real estate funds, the Hines European Value Fund 2 (HEVF 2).
Schroders Capital and its partner Civitas Investment Management (CIM or Civitas) have held the third and final closing of their Social Supported Housing Fund (SoHo) with aggregate equity commitments of GBP192 million.
UK communities will be given more opportunities to build homes in their neighbourhood thanks to a new GBP4 million fund.
The Gresham House Forest Growth & Sustainability Fund has held its first close with GBP127 million in subscriptions, substantially exceeding the initial target of GBP100 million. The fundraise includes commitments from two major institutional investors.
The Scottish National Investment Bank has committed GBP50 million over five years to the creation of new woodland and forestry management in Scotland.