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.
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