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.
Launches & Fundraising
Slate Asset Management, an alternative asset management platform focused on real estate, has closed its Slate European Real Estate Fund III.
SEGRO, an owner, manager and developer of warehousing and industrial space, has launched a new GBP10 million fund to mark its centenary which will be used over the next decade to make a positive impact within communities across the UK and Continental Europe.
Cheyne Capital (Cheyne) has launched its second impact real estate fund, the Cheyne Impact Real Estate Trust, which Following the first investor allocations, is able to deploy an initial GBP150 million to address the greater-than-ever need for long-term, affordable housing in the UK.
Yoo Capital Investment Management (Yoo Capital), a privately held real estate investment firm that has invested in over GBP2 billion AUM focused on special opportunities across the UK, has held the first close of its second fund, Yoo Capital Fund II (YCFII).
Broadmark Realty Capital has launched Broadmark Private REIT, which will offer qualified purchasers the ability to participate in high-yield loans originated by Broadmark Realty Capital, through a private, non-traded fund structure replicating the structure of the previous Broadmark Real Estate Lending Companies.
TA Realty has held the final close of Realty Associates Fund XII, which has total equity commitments of approximately USD1.2 billion.
Alltmore Commercial Property Fund offers access to investment in secondary office pavilions and business parks
The Alltmore Commercial Property Fund launches this week, offering institutional investors as well as high net worth and sophisticated individual investors, an opportunity to invest in high quality secondary office pavilions and business parks around Scotland, expanding UK-wide from next year.
Real estate private equity firm Madison International Realty has held the final closing of Madison International Real Estate Liquidity Fund VII, its latest commingled investment vehicle, with USD1.2 billion of equity commitments, including side cars, co-investment vehicles and general partner commitments.
Cresset and Diversified Real Estate Capital have held the close of their first Qualified Opportunity Zone (QOZ) fund, the Cresset-Diversified QOZ Fund (Fund I), after raising the USD465 million in capital needed for the portfolio and the seven underlying projects.