Bell Partners, an apartment investment and management company, has completed the final close for Bell Apartment Fund VII at its hard cap of USD950 million in equity commitments.
Launches & Fundraising
Pluto Finance has launched a new lending product for professional landlords in the UK’s private rental sector.
Investcorp, a global provider and manager of alternative investment products, has held the fully subscribed final closing of approximately EUR340 million in commitments for its second vintage Italian Distressed Loan Fund II (Italian NPL Fund II), which is exclusively advised by Eidos Partners, a Milan-based advisory firm and credit specialist.
Lawyers from Carey Olsen's investment funds team in Jersey have advised Astarte Capital Partners on the Jersey aspects of the first closing of Yoo Capital Fund II (YCFII) – the first in a series of funds launched by a partnership between Yoo Capital Investment Management and Astarte Capital.
Realterm has held the final close of Realterm Logistics Fund III (RLF III) at its hard cap of USD370 million. The offering was oversubscribed on the back of strong investor demand. RLF III is the tenth fund raised across the Realterm platform.
Sortis Holdings (SOHI), a Portland, Oregon-based alternative investment fund manager, has launched its sixth investment fund, the Sortis Distressed Opportunity Fund, which will look to capitalise on “once-in-a-cycle” real estate and business opportunities created as a result of the COVID-19 outbreak.
Alantra has held the first close of its new real estate debt fund, Alteralia Real Estate Debt, with commitments of over EUR30 million.
A new GBP100 million real estate fund targeting bespoke real estate investment opportunities worldwide is to launch, in collaboration with international real estate advisory firm Montague Property.
BlackRock Real Assets achieves hard cap and reaches EUR1.287bn at final close for Europe Property Fund V
BlackRock Real Assets has raised EUR1.287 billion for its Europe Property Fund V with an additional EUR200 million of commitments for co-investments, totalling EUR1.487 billion for the strategy.
Third party AIFM IntReal International Real Estate Kapitalverwaltungsgesellschaft (IntReal) launched a total of 14 new funds in the first quarter of 2020 and now administers 175 funds.