Fundraising - SEPTEMBER 29, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Catella European Residential III Fund reaches €750m

by Kali Persall

The Catella European Residential III Fund (CER III) has brought in more than €270 million ($315 million) in mandate commitments, bringing the fund’s total equity to €750 million ($876 million) since its initial launch two years ago.

The investors included Norway’s largest pension company KLP and a group of eight German pension funds and insurers.

Earlier this year, CER III transitioned from a “light green” real estate fund to the certified status of the first pan-European dark green EU SFDR “Article 9” residential property impact fund. Catella said the alignment of interests in CER III is achieved through incorporating a penalty clause into the management agreement, whereby CRIM will donate part of its recurring management fee to a relevant “impact-related” United Nations fund should the manager fail to meet the financial or societal targets set for the fund.

“CER III’s financial objective is to deliver stable, low-risk total investment r

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.