Angelo, Gordon & Co, an alternative investment firm focused on credit and real estate investing, has raised USD1.3 billion in equity commitments for its most recent Asia real estate fund, AG Asia Realty Fund IV, exceeding the Fund’s USD1 billion target.
Launches & Fundraising
Catella European Residential I (CER I), launched in 2007 as the first institutional property fund to invest specifically in residential assets across European markets, has raised EUR90 million in just one day from existing investors.
Specialist retail sector investor Alteri Investors (Alteri) has launched its second investment vehicle, Alteri Investors II (Alteri II) with the backing of funds and accounts managed by affiliates of Apollo Global Management.
VanWest Partners, an opportunistic investment firm specialising in residential and commercial real estate acquisition, management, and sales, has launched VanWest Storage Fund I, LLC with the addition of two self storage facilities in the greater Pensacola, Florida market.
Harrison Street, an alternative real asset investment firms dedicated to the education, healthcare and storage sectors, has held the final close of the firm’s seventh US opportunistic real estate fund, Harrison Street Real Estate Partners VII (Fund VII) at the fund’s hard cap of USD1.3 billion, exceeding its original USD950 million target.
BrickVest, a London-based online real estate investment platform, has launched its second Employee Participation Fund (EPF) in partnership with BEOS, the German commercial property specialist which has been part of the Swiss Life Asset Managers family since August 2018.
International legal practice Osborne Clarke has advised longstanding client and leading Nordic real estate private equity firm, Niam on the completion of its seventh opportunistic real estate fund, Niam Nordic VII.
PGIM Real Estate has launched the European Core Diversified Property Fund (EuroCore), an open-end, diversified real estate fund with a first closing comprising EUR304 million in equity capital from six institutional investors.
Bouwinvest’s Dutch Residential and Office Funds have together attracted a combined EUR125 million in new capital commitments in the first half of 2019 from two existing investors and one new one.
Ropes & Gray has advised CBRE Global Investors on the formation of CBRE US Development Partners 5, a development club fund with equity commitments of USD616 million to the fund and its co-investment vehicles, exceeding its capital-raising target.