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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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