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Sign in Sign up for a FREE subscriptionAngelo Gordon holds $843m final close for European realty fund
Angelo Gordon, a $28 billion alternative investment firm focused on credit and real estate investing, has held a final close for its second European realty fund, AG Europe Realty Fund II at $843 million in equity commitments, surpassing its $750 million target.
Consistent with Angelo Gordon’s approach to global real estate investing, the fund will seek to identify complex and off-market investment opportunities with a focus on U.K. and Western Europe subperforming distressed debt, office, retail, hotel, industrial and residential assets.
The fund received backing from existing Angelo Gordon investors and also welcomed a number of new global institutional investors. The fund was oversubscribed.
“European real estate is a market we monitored for nearly a decade before we began investing in 2009,” said Adam Schwartz, co-CIO and head of real estate at Angelo Gordon.
Anuj Mittal, co-portfolio manager of European real estate at Angelo Gordon added, “The