Angelo Gordon raises $843m

The New York-based investment advisory firm closes oversubscribed fund above target.

Angelo Gordon Europe Realty Fund II has held a final close at $843 million, surpassing the firm’s initial target of $750 million. The vehicle is focused primarily on UK and Western European distressed debt, operating across the office, retail, hotel, industrial and residential sectors.

AG Europe Realty Fund previously closed at $570 million in March 2015.