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Benson Elliot closes Fund V above target – Exclusive

Benson Elliot has closed its fifth real estate fund on a total of €836 million, exceeding its €800 million target, PERE has learned. The London-based private equity real estate firm launched Benson Elliot Real Estate Partners V, which had a €850 million hard-cap, in 2017, according to a filing with the Securities and Exchange Commission. By April 2018, Benson Elliot had raised €600 million in the first close for the fund, PERE previously […]

Virtus holds $223m first close for ‘cycle-resilient’ fund – Exclusive

The Austin-based alternatives property investment manager aims to raise $500m for its third value-add fund, Virtus Real Estate Capital III.

When a fund manager like Lone Star aims lower

Targeting a smaller vehicle goes against the trend of firms able to raise successively larger funds. There are benefits – and risks – in doing so.

JEN Partners closes its largest residential land fund to date – Exclusive

JEN Partners closed its latest US residential land fund on $360 million, surpassing its target of $300 million. Launched in May 2018, JEN Partners VI will deploy capital to finance and develop new housing throughout the southern and western US. The New York-based firm will focus on growing metropolitan areas in Maryland, Virginia, North Carolina, […]

Madison Realty Capital nears $1bn close for RE debt fund

The firm’s latest credit vehicle has already significantly outpaced its predecessor fund, which closed on $695m.

Nuveen Real Estate expands open-ended fund series

The global real estate firm’s first core multifamily fund builds on an existing collection of open-ended funds focused on a single property type such as logistics or retail.

Patrizia’s value-add raise comes amid thinning competition

Only 41 European value-add funds were in market last year, the lowest total since PERE began tracking the space in 2014.

PCCP to close on $1bn for oppo fund – Exclusive

The real estate equity and debt firm’s PCCP Equity Fund VIII is expected to be nearly 70% larger than its predecessor.

Capital watch: The case of fewer but bigger APAC funds

How the beast led the east last year.

LaSalle holds $600m first close for US value-add fund

The vehicle has already surpassed the size of its predecessor as it targets a $1bn final close.

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