Boutique investment firm Fairway Capital has launched an Opportunity Fund to take advantage of an opportunistic time within the Prime Central London (“PCL”) residential property market.
Launches & Fundraising
Local Pensions Partnership Investments (LPPI) has set up the LPPI Real Estate Fund to pool the property assets of three public sector pension schemes that it manages.
BaltCap has held the first close of BaltCap Private Equity Fund III (BPEF III) at EUR126 million, above the initially targeted size subscribed by the existing investor base.
BMO Real Estate Partners (BMO REP), a pan-European property investment and asset management specialist, has now secured EUR250 million in equity commitments for Best Value Europe II (BVE II).
PGIM Real Estate has completed the initial close of the PGIM Real Estate Asia Core fund (Asia Core), an open-ended, diversified fund with a total of USD447 million in equity capital from American, Canadian, German, Swiss and Japanese investors.
Gravis Advisory Limited, a subsidiary of Infrastructure and real estate investment specialist Gravis Capital Management Limited, has launched the VT Gravis UK Listed Property Fund (GULP), the firm’s third OEIC and a unique addition to the UK property fund sector.
Savills Investment Management (Savills IM), ab international real estate investment manager, has launched the European Logistics Fund 3 (ELF 3), which will focus on investments in high-quality distribution centres and cross-docks that can be used by third parties in Europe's core liquid logistics markets.
Allianz Global Investors (AllianzGI) has launched the Home Equity Income Strategy, which will see the firm raise finance from its institutional clients to support the launch of Wayhome, a new way to gradual homeownership without a mortgage in the UK.
Newcore Capital Management, an alternative real estate investment manager, has held the final close of Newcore Strategic Situations IV LP, a GBP150 million value-add fund.
Blackstone has held the final close of its latest global real estate fund, Blackstone Real Estate Partners IX (BREP IX), with USD20.5 billion of total capital commitments – the largest real estate fund ever raised.