Catalyst Capital, the European real estate investment and fund management firm, has held a €1 billion ($1.17 billion) first close for its Catalyst Core Plus European Property Fund (CCPEPF), an evergreen real estate fund.
“We are delighted with the support shown by investors towards our core-plus strategy. We believe the current environment provides an excellent opportunity to acquire assets with sustainable income in good locations,” said Julian Newiss, founding partner of Catalyst.
After its first close, Catalyst has equity commitments of more than €400 million ($470 million) from international institutional investors. Using leverage, CCPEPF will have an initial €1 billion ($1.17 billion) to invest in income-producing assets in every commercial real estate sector, including hotels and infrastructure. The fund will invest in the countries in northern Europe such as Germany, Poland, the United Kingdom and France.
“This is a time in the cycle when inve
