Fundraising - MARCH 26, 2015

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CarVal holds final close

by Andrea Waitrovich

CarVal Investors has announced the final close of CVI Europe Real Estate Partners, which raised $350 million in equity commitments.

The Europe-focused opportunistic fund targets investments particularly in France and the United Kingdom. The firm has started to invest CVI Europe Real Estate Partners’ capital.

This is the Minneapolis-based alternative investment manager’s first investment vehicle exclusively dedicated to European real estate, but CarVal has been investing in Europe and globally since 1987. A previous deal includes the sale by BlackRock Europe Property Fund III LP and CarVal Investors, in conjunction with Quadrant Estates, of the Moorgate Exchange development in London to Brookfield Property Partners for £211 million ($313 million). The sale was announced in 2014.


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