BentallGreenOak has completed a final close of its GreenOak Europe Secured Lending Fund II with €869 million ($1 billion) in capital commitments, exceeding its fundraising target of €800 million ($962 million).
The fund was backed by institutional investors from around the globe, including Europe, Japan and South Korea.
“That the fund has exceeded its target of €800 million demonstrates both the strong demand for this strategy and the confidence in the strength and capabilities of our European debt team,” said Jim Blakemore, managing partner and head of global debt at BentallGreenOak. “Moreover, it underscores the value of our integrated real estate platform, which benefits from equity and lending experience and enables us to source, underwrite, close and service loans, as well as asset manage direct real estate.”
Gr
