Fundraising

The new open-ended fund marks the first time Florida-based Participant is targeting European investors with a capital raise.

Investor backing for the Eric Sasson-led firm’s first private equity real estate fund exceeded its target of €250m.

The €6.5bn asset manager has hit the €1bn milestone for its flagship open-ended residential vehicle.

Nick Weber’s private equity real estate firm is eyeing a final closing at €2.5bn within the next 12 months.

The Chicago-based manager is to complement its fund series in the US and Asia with a European equivalent for the first time.

The Milwaukee-based sector specialist has hit its hard-cap in just seven months.

The Dallas-based manager raised half the capital from new investors, including $200m from private wealth investors, for a vehicle aimed at furthering its exposure to development investments.

NPS and IMCO have committed to the New York-headquartered manager’s maiden offering, which is two-thirds raised.

JPMorgan-backed Alterra just raised over $500m for its first fund focused on a niche industrial product type.

The Charlotte-based investment firm has held a final close for its third private real estate fund.