Allianz Global Investors (AllianzGI) has launched the Home Equity Income Strategy, which will see the firm raise finance from its institutional clients to support the launch of Wayhome, a new way to gradual homeownership without a mortgage in the UK.
Launches & Fundraising
Newcore Capital Management, an alternative real estate investment manager, has held the final close of Newcore Strategic Situations IV LP, a GBP150 million value-add fund.
Blackstone has held the final close of its latest global real estate fund, Blackstone Real Estate Partners IX (BREP IX), with USD20.5 billion of total capital commitments – the largest real estate fund ever raised.
Angelo, Gordon & Co, an alternative investment firm focused on credit and real estate investing, has raised USD1.3 billion in equity commitments for its most recent Asia real estate fund, AG Asia Realty Fund IV, exceeding the Fund’s USD1 billion target.
Catella European Residential I (CER I), launched in 2007 as the first institutional property fund to invest specifically in residential assets across European markets, has raised EUR90 million in just one day from existing investors.
Specialist retail sector investor Alteri Investors (Alteri) has launched its second investment vehicle, Alteri Investors II (Alteri II) with the backing of funds and accounts managed by affiliates of Apollo Global Management.
VanWest Partners, an opportunistic investment firm specialising in residential and commercial real estate acquisition, management, and sales, has launched VanWest Storage Fund I, LLC with the addition of two self storage facilities in the greater Pensacola, Florida market.
Harrison Street, an alternative real asset investment firms dedicated to the education, healthcare and storage sectors, has held the final close of the firm’s seventh US opportunistic real estate fund, Harrison Street Real Estate Partners VII (Fund VII) at the fund’s hard cap of USD1.3 billion, exceeding its original USD950 million target.
BrickVest, a London-based online real estate investment platform, has launched its second Employee Participation Fund (EPF) in partnership with BEOS, the German commercial property specialist which has been part of the Swiss Life Asset Managers family since August 2018.
International legal practice Osborne Clarke has advised longstanding client and leading Nordic real estate private equity firm, Niam on the completion of its seventh opportunistic real estate fund, Niam Nordic VII.