Europa Capital raises €628m for real estate fund

Europa Capital, a real estate investment manager focused on European markets, has raised €627.8 million ($742 million) for Europa Fund V, according to IREI’s FundTracker database. The company did not comment on its fundraising efforts.

At this rate, Europa Fund V has the potential to be the company’s largest vehicle. The value-added fund was launched in 2016 targeting equity commitments of approximately €750 million ($886 million). It targets office, retail, industrial and residential assets throughout Europe that offer potential for capital appreciation through repositioning of capital-neglected properties, specifically in the United Kingdom, France and Germany.

The fund has received capital from multiple investors, including $75 million from the Missouri Local Government Employees Retirement System.

The predecessor fund, Europa Fund IV, held a final close on €604 million ($714 million) in July 2014.

In additional fundraising, the firm recently