Harbert European Real Estate Fund V (HEREF V), which invests in real estate assets with value-add potential across major markets in Europe, has held its final close, bringing total equity commitments to approximately EUR662.4 million.
Launches & Fundraising
Deutsche Finance International (DFI), a London based pan-European private equity real estate investor specialising in operational real estate, has closed its inaugural fund, DFI European Value-Add Fund (DFI EVAF), having raised EUR436 million, which includes co-investment vehicles invested alongside the Fund into a seed portfolio.
The Catella European Residential Fund III, launched in March 2019, has completed a first close and secured a maiden investment in Copenhagen, passing initial milestones towards a target EUR1.0 billion total investment volume.
Principal Global Investors has launched its first interval fund, the Principal Diversified Select Real Asset (DSRA) fund, which primarily invests in private real assets, including infrastructure, natural resources, and real estate.
Mortar Capital Management, a New York-Based real estate asset management firm, has launched its second fund offering, the Mortar Growth Fund II.
Global asset manager Russell Investments has launched the Russell Investment Company Tax-Managed Real Assets Fund for long-term investors who seek to diversify their portfolios with real assets and reduce the impact of taxes on their investment returns.
Property-focused investment company JR Capital has partnered with industrial developer and asset manager Chancerygate to raise a GBP100 million fund for investment in the UK multi-let industrial sector.
Angelo, Gordon & Co, a USD33 billion alternative investment firm focused on credit and real estate investing, has raised over USD2.75 billion in equity commitments for its latest US real estate fund, AG Realty Value Fund X, exceeding the fund’s USD2.5 billion target and making this the Ffrm’s largest real estate fund to date.
Social and Sustainable Capital (SASC), an impact led social investor, has launched a new fund that will invest in the provision of safe, stable and appropriate homes for vulnerable people and their families in the UK.
Basis Investment Group closes oversubscribed first commingled fund with USD410m of capital commitments
Basis Investment Group (Basis), a national commercial real estate investment platform founded by CEO Tammy Jones, has held the final closing of its first commingled, closed-end Fund, BIG Real Estate Fund I, with USD410 million of capital commitments.