LCN Capital Partners (LCN), a private real estate investment firm and a specialist in the primary corporate sale-leaseback and build-to-suit markets, has raised over USD1.35 billion in equity commitments for its third pair of sale-leaseback funds.
Launches & Fundraising
PGIM Real Estate has launched its UK Affordable Housing Fund, with an initial capital raise totalling GBP190 million, from the Northern LGPS and Brunel Pension Partnership.
ActivumSG Capital Management, the real estate private equity manager specialised in turnaround and special opportunity investments, has raised a total of EUR550 million from international investors to deploy in European markets that are experiencing growing distress.
Carey Olsen's Jersey funds team has advised Patron Capital on the launch of its latest European real estate fund, Patron Capital, VI LP (Fund VI), which recently held its final closing with a total fund size of EUR844 million, including approximately EDUR128 million of co-investment capital.
Patron Capital, a pan-European institutional investor focused on property-backed investments, has closed its most recent fund, raising EUR844 million (USD1.038 billion), including approximately EUR128 million (USD157 million) of co-investment capital for Patron Capital, LP VI.
Belveron Partners, an affordable housing and preservation-focused investment group, has closed its sixth real estate investment fund at USD280 million, exceeding its initial target of USD225 million.
Macquarie Asset Management (Macquarie) will expand its private credit offering with the launch of a secure income real estate strategy initially targeting investment opportunities in commercial ground leases.
Palmira Capital Partners (Palmira) has raised EUR150 million for the firsg closing of its new corporate real estate fund.
Having successfully raised approximately USD100 million of capital for national acquisitions in Fund I in 2019, PTM Partners (PTM), a real estate investment and development firm focused on Qualified Opportunity Zones founded by Michael Tillman, Scott Meyer and Nicholas Pantuliano, has held the first closing of its second Qualified Opportunity Zone fund, the PTM Partners Opportunity Zone Fund II, LP (PTM OZF II) at USD40 million.
Ocorian, a diversified global financial services group and leader in fund administration, capital markets, corporate and fiduciary services, is supporting as trustee the launch of a new UK homelessness property fund, the National Homelessness Property fund 2 (the fund).