Silvia Saccardi

The investor is one of three Australian superannuation funds that committed $330m to the vehicle’s latest round of fundraising.

The London-headquartered manager has obtained circa €210m for the opportunistic fund and associated co-investment.

Paul Brennan, co-head of real estate at the firm, says all the European fund’s investments so far have had a credit focus.

Current geopolitical volatility presents ‘short-term pain’ for the region, said Zsolt Kohalmi, global head of real estate and co-CEO at Pictet.