Alma Property Partners, a Stockholm-based real estate investment company, has held a first close at just over €150 million ($170 million) for its second pan-Nordic opportunistic fund, Alma Property Partners II. The capital was committed primarily from nine European institutional investors. Alma is targeting to raise €250 million ($284 million) in total but may raise up to €300 million ($340 million) for Fund II.
“Most of the investors who contributed to the first close were either from Fund I or had invested with me previously. We have an active investment pipeline, and we have already made a few acquisitions for Fund II,” says Simon de Château, partner and CIO of Alma Property Partners.
“We are pleased with the result of the first close, and we expect to finish raising capital during the second quarter of next year,” said Sloan Wobbeking, partner and CEO of Alma Property Partners.
Wobbeking said the company is now focused on continuing to build t
