Marcus Investments is launching its first real estate fund, Marcus RE Fund I, which will focus on retail power centres in the greater Midwest USA.
Launches & Fundraising
Long Harbour, the UK real estate and asset-backed investment manager, has raised its third Build to Rent (BtR) investment venture, securing an initial GBP500 million to grow its portfolio across the UK.
Harrison Street, an alternative real asset investment firms dedicated to the Education, Healthcare and Storage sectors, has held the final close of its second European closed-end fund, Harrison Street European Property Partners II, at EUR500 million in equity commitments, in excess of its target of EUR400 million.
Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment company, has launched the Pictet Real Estate Capital – Elevation Fund I SCSp (Elevation I) for professional investors.
Octopus Healthcare, a specialist UK healthcare real estate investor, has successfully raised GBP58.8 million on the back of growing demand from institutional investors for the asset class. The fundraise saw investment from both new and existing institutional investors.
Transwestern Investment Group (TIG) has raised USD200 million for TSP Value and Income Fund II, a real estate investment fund that will follow the initial strategy of reducing volatility in the value-add space by focusing on current income while providing value creation.
Cerberus Capital Management has closed approximately USD5.1 billion of commitments for its global non-performing loan (NPL) strategy.
Madison Realty Capital (MRC), a private equity firm focused on real estate debt and equity investment strategies, has held the final closing of Madison Realty Capital Debt Fund IV (MRC Debt Fund IV), the firm's fourth institutional real estate debt investment vehicle.
Northstar Commercial Partners has launched the USD125 million Northstar Integrity Growth Fund in partnership with Integrity Trust.
Astarte Capital Partners is to launch a GBP400 million investment platform with a focus on transforming prime infill and edge-of-prime real estate into institutional-quality “future core” assets, predominantly across Greater London.