Fundraising

The firm hired Perry Boyle to boost fundraising as it launches a $100m fund.

The quarter saw the close of four $1bn-plus mezzanine/debt funds, which accounted for a bulk of the capital raised during this period.

The US multifamily firm, which previously closed on a series of value-add funds, will raise capital solely through one investment vehicle going forward.

Patron Capital VII, which follows the London-based firm’s fastest-ever deployment with Fund VI, is the largest European opportunistic vehicle in market.

The Charlotte, North Carolina-headquartered global manager raised 70% of the fund’s capital from investors outside of the region.

The UK-focused manager has already collected half its hard-cap in what could be its largest fundraise yet.

The Dallas-headquartered manager has raised $400m from two global institutions to help build a 10,000-plus unit portfolio.

The Chicago-based firm, which is focused on life sciences, student housing and build-to-rent housing, has already deployed 75% of the vehicle.

The subsidiary of the Augsburg-based manager is targeting an initial €500m for an affordable residential-focused strategy. In a departure from many social impact vehicles, the firm is raising the capital via a limited life vehicle.

The successor to the sector’s biggest private equity real estate fund, Blackstone Real Estate Partners IX, is expected to be launched this quarter.