Northern Horizon Capital AS, the management company of Baltic Horizon Fund, has raised EUR20.5 million in an oversubscribed private placement. The placement, targeting institutional investors in select European countries, was announced on 25 February 2019 and closed on 11 April 2019.
Launches & Fundraising
New Mountain Capital (New Mountain) has closed its first net lease real estate fund, New Mountain Net Lease Partners with USD533 million of equity capital commitments, including USD447 million of third-party limited partner commitments and approximately USD86 million from the General Partner.
New York-based Exchange Traded Concepts in conjunction with Phoenix-based Fundamental Income, has launched the NETLease Corporate Real Estate ETF (NETL), which is focused solely on Net Lease Real Estate Investment Trusts (REITs).
BrickVest, a London-based online real estate investment platform, has launched its active-strategy fund series, Harvest Active Funds which will aim to facilitate liquidity into the secondary market, providing advantages to both buyers and sellers.
Asana Partners (Asana) has held the final close of its second value-add fund, Asana Partners Fund II, with USD800 million in equity commitments.
The last two years have been a boon for global private equity managers. In 2017, total net new assets reached USD552 billion according to Preqin, and although slightly down in 2018, the asset class still attracted USD426 billion.
The Diversified Property Fund for Charities (DPFC), managed by Eskmuir, has secured circa GBP6 million in its latest fundraising round, which combined with valuation gains, has led to a 20 per cent growth in assets under management at the fund over the course of the latest financial year.
Cording Real Estate Group, a member of the Edmond de Rothschild Real Estate investment and asset management platform, has launched the Cording Euro Industrial Real Estate Fund, which will invest in light-industrial and small logistics assets in the Eurozone.
AEW has raised an additional EUR750 million in equity for LOGISTIS, its specialist pan-European logistics strategy, bringing the Fund’s total net equity to EUR2.3 billion.
Asterion Industrial Partners completes first close of European infrastructure fund with commitments of over EUR500m
Pan-European infrastructure fund manager Asterion Industrial Partners has secured commitments of EUR519 million for a first close of its inaugural fund, Asterion Industrial Infra Fund I, four months after registering the vehicle with the Spanish Securities Market Exchange Commission (CNMV).