Threestones Capital Management, a Luxembourg-based alternative investment fund manager, has closed its Eurocare Real Estate Fund, with €450 million ($508 million) in capital commitments.
This is the firm’s third healthcare real estate fund to date.
Eurocare Real Estate Fund was initially targeting €300 million ($339 million) and has been oversubscribed, giving it €900 million ($1 billion) in buying power.
Threestones has already started investing on behalf of the fund and has completed 38 acquisitions in Germany, Italy and Spain. The firm is looking to add up to 20 more over the next few months.
Threestones Capital Management currently manages €1.6 billion ($1.8 billion) in real estate assets.
