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Laxman Pai, Opalesque Asia: Stockholm-based private equity firm has reached the final close of its second real estate fund with a €1bn ($1.18bn) hard cap, 33% above its initial €750m target.
The vehicle, EQT Real Estate II, was launched in 2018 and is over twice the size of its predecessor, wrapped up in 2017 at €420m.
"The successful fundraise of EQT Real Estate II exceeded its target size of EUR 750 million and, at EUR 1 billion, is more than 2.5 times larger than its predecessor fund, EQT Real Estate I," said a company statement.
Real Estate II will execute "a thematic investment approach with a focus on attractive investments which are decoupled from the financial cycle," it added.
Speaking about the fundraising for EQT Real Estate II, CEO Christian Sinding said: "Real estate is one of the most exciting growth areas for EQT and the success of this fundraise is a reflection of EQT Real Estate's ability to source attractive opportunities and then develop sustainable, future-proofed assets, while delivering strong results to its investors. We look forward to continuing to build on that success."
It aims to make direct and indirect investments from €40m to €200m in real estate assets, portfolios, operating companies, and joint ventures in key European cities, the firm said.
New and existing international blue-chip investors from Europe, the Nordic countries, Asia, North America, and the Middle East, comprising public and corporate pension funds, insu...................... To view our full article Click here
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