Fundraising - SEPTEMBER 29, 2015

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Europa Capital launches fifth fund

by Zoë Wolff

Europa Capital is launching its fifth pan-European value-added fund. Europa Fund V is targeting €750 million ($843.4 million) in equity commitments, according to a statement. The fund is expected to follow a similar strategy to prior funds in the series.

The fund’s predecessor, Europa Fund IV, held a final close of €604 million ($677.6 million) in equity commitments in July 2014. The fund has made 15 investments in eight European countries so far. Recent acquisitions by the fund include Hadovka Office Park in Prague for €43 million ($48.2 million) in July and a portfolio of three office buildings in Budapest in April.

In addition to launching a new fund, Europa Capital has hired Schalk Visser as partner and head of equity capital markets. Part of position will include expanding Europa’s institutional relationships globally. Visser previously worked as managing director at AEW Europe and as senior director at CBRE Global Investors.

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