The final close, fueled by topping-up investors, means Nick Weber’s private equity real estate business has now raised the biggest first-time fund in the region.
The former HMC real estate team, now part of Bain, has exceeded its $1bn target.
The European private equity real estate firm has already deployed 80% of the €436m in fund and sidecar capital it has raised in ‘space-as-a-service’ assets.
The Dutch pension fund manager has picked Australia for its first real estate debt investment in Asia-Pacific.
The Dallas-based firm rolled over uncalled capital from a predecessor vehicle to help close on $4.7bn for Lone Star Real Estate Fund VI.
Already saddled with financial constraints, some upstart firms are pushing back against generous concessions to investors.
The global private equity firm closes sixth commercial real estate fund above target.
The real estate manager has raised the bulk of its third opportunistic fund from European investors.
The investment bank is plotting a return to the world of private equity real estate fundraising as it merges businesses under its merchant banking arm.
The Miami, US-based real estate firm closes second multifamily fund.