BlackRock Real Assets has raised USD1.175 billion for its BlackRock Asia Property Fund V (AFV), a value-add strategy that invests in real estate assets across Asia Pacific.
Launches & Fundraising
AEW, a leading global real estate investment and asset manager, has launched a new urban logistics and light industrial strategy (ULLIS) with EUR475 million of start-up equity.
Electra America, a real estate platform specialising in the multifamily and residential sectors, and AKA, a specialist in luxury hotel residences, have teamed up to launch an opportunistic hotel investment fund focused on distressed assets in urban gateway markets.
Edmond de Rothschild Real Estate Investment Management (REIM) has raised an initial EUR250 million for its new European real estate debt strategy, focused on providing whole and mezzanine loans as well as preferred equity to investors in the major European markets.
Fairway Capital, investment advisor to the Fairway Capital Property Fund, has successfully closed on a third round of fund-raising.
Waterton has held the final close of the Waterton Residential Property Venture XIV (Venture XIV) fund with USD1.5 billion of equity commitments from a diverse group of global institutional investors.
Avanton has announced plans to invest up to GBP500 million in strategic land acquisitions over the next three years, as part of a major expansion into the capital’s lucrative build-to-rent sector.
Pygmalion Capital Advisers (Pygmalion) has held the first close for Pygmalion European Opportunistic Hotel Fund II (PEOH II), backed by a European Private Bank and a European Pension Fund.
Peakside Capital Advisors AG (Peakside) has raised EUR160 million in equity in the first close of the Peakside Real Estate Fund IV (PREF IV), which corresponds to 80 per cent of the equity base of the predecessor fund.
Aegon Asset Management and Mobius Life have launched a version of their Active Beta Property Fund aimed at UK defined-contribution pension schemes, with seed funding from a major UK pension plan.