Orion secures €1.5bn

The European real estate firm continues to attract investor interest in its core markets.

Orion European Real Estate Fund V has held a final close at €1.5 billion. The oversubscribed fund will continue the firm’s strategy of investing in real estate opportunities in Europe.

Texas County and District Retirement System was among the investors in the vehicle, with a commitment of €70 million.

The pension fund was also an investor in Orion Capital Managers’ previous fund, which closed at €1.3 billion in December 2013.