BlackRock has announced the final close of its BlackRock Europe Property Fund VI (EFVI), raising €1.2 billion ($1.4 billion ) in equity and co-invest capital for the sixth vintage in the firm’s flagship European value-add series. The equity was raised from a diverse group of global institutional clients seeking to capitalize on the structural and cyclical tailwinds driving attractive investment opportunities across Europe’s real estate market.
The fundraise reflects strong support from the existing Limited Partners (LPs) in the series, with re-up capital accounting for over 60 percent of the equity raised for EFVI. The fund also welcomed 17 new LPs to the series, expanding and diversifying its client base across geographies and segments. Several clients added to their initial commitments during the fundraising period, underscoring their conviction for re-priced European real estate and the strong investment pipeline and performance of BlackRock’s value-add platform.
