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Angelo Gordon raises $269m for European fund
Angelo, Gordon & Co. has raised $268.7 million for its value-added European fund, according to a filing with the SEC.
AG Europe Realty Fund launched in August 2013 with a goal of raising between $300 million and $500 million in equity. No target final close date was disclosed. The value-added fund will invest across property types in Western Europe, particularly in Belgium, France, Germany, Luxembourg, the Netherlands and the United Kingdom. It is targeting net returns of 14 percent to 15 percent.