Benson Elliot launches next pan-European fund

Benson Elliot Capital Management, a European real estate fund manager, has launched its next pan-European property fund, Benson Elliot Real Estate Partners V, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

The new closed-end real estate fund is seeking to raise €850 million ($1.047 billion) for the fund, according to the filing. The fund will invest in opportunistic assets throughout Europe.

The new fund follows its predecessor, Benson Elliot Real Estate Partners IV, which held a €634 million ($782 million) final close in 2016. The firm closed its inaugural investment vehicle, Benson Elliot Real Estate Partners II, in 2006 with commitments of €338 million ($417 million), and in 2010, Benson Elliot closed its second oversubscribed fund, Benson Elliot Real Estate Partners III, with commitments of €504 million ($622