JP Morgan Asset Management has held the final closing of its Lynstone Special Situations Fund (Lynstone), with USD1.06 billion in capital raised from a broad set of global investors comprising of pension funds, insurance companies, banks, foundations, endowments and family offices across the Americas, Europe, the Middle East and Asia.
Launches & Fundraising
AECOM-Canyon Partners today has held the final close of its fund at its hard cap USD500 million in total commitments.
A Burges Salmon team, led by partner Will Woodall, has provided selected specialist real estate and corporate tax advice to LPPI in connection with setting up a Fund to pool the property assets of three public sector pension schemes that it manages.
DTZ Investors (DTZI), a specialist European real estate fund manager, and The Collective, a global co-living platform, have jointly launched an institutional large-scale co-living fund with the aim of raising total equity commitments of up to GBP650 million.
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.
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.