Aberdeen raises €100m for new long income European fund

Aberdeen Standard Investments’ newly launched European Long Income Real Estate Fund has locked in more than €100 million ($110 million) from six institutional investors at first close, which took place on Oct. 31.

According to a statement released by Aberdeen on Nov. 13, the investor base was diversified, with each investor representing a different country.

The firm was unavailable to comment on its latest fundraise.

The open-end European Long Income Real Estate Fund will follow a similar investment strategy as Aberdeen’s Standard Long Lease Property Fund, which was launched for the United Kingdom 16 years ago and has more than £2.5 billion ($3.2 billion) in assets under management.

The fund will invest in assets with long leases and long-term tenants, with the objective of