Publications

Fundraising - JULY 2, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Angelo, Gordon & Co.’s latest fund surpasses $1.2b target

by Kali Persall

Angelo, Gordon & Co. has raised more than $1.5 billion in equity commitments for its latest European real estate fund, AG Europe Realty Fund III. The fundraise exceeded the fund’s $1.2 billion target and hit its hard cap, according to Angelo, Gordon & Co.

AG Europe Realty Fund III will seek to identify off-market investment opportunities with a focus on subperforming assets along the entire value-add spectrum. The fund will target assets, across all property types, that are located in the United Kingdom and major markets in Western Europe and the Nordics.

The fund was backed by existing Angelo Gordon investors and also accepted a number of new global institutional investors.

The fund’s predecessor, AG Europe Realty Fund II, closed in 2018 at more than $840 million.

“Significant levels of dislocation and distress in the real estate sector in the U.K. and Western Europe persist, with political uncertainty, weak banks, and sluggish economies co

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.