Activum holds $524m final close for European real estate fund
Activum has held a $524 million final close for its Activum SG Fund III, which targets underperforming real estate–related assets in Europe. The firm’s placement agent, Atlantic-Pacific Capital, announced the final close today.
The opportunistic fund launched in October 2013. Investors include a diverse group of institutional investors from various geographies around the world. Atlantic-Pacific Capital served as the exclusive global placement agent for Fund III as well as for Activum’s prior fund, Activum SG Fund II.
The final close follows another oversubscribed close made by its predecessor. Fund I