GreenOak holds €600m final close for Europe lending fund

GreenOak Real Estate, an independent, partner-owned, real estate–focused principal investing and lending firm, has held a final close for GreenOak Europe Secured Lending Fund at €600 million ($707 million), exceeding its fundraising target of €500 million ($589 million). The firm did not comment on its fundraising efforts.

GreenOak Europe Secured Lending Fund will invest in debt secured by properties, specifically office, logistics, retail and office. The fund is already 60 percent deployed across 12 loans secured by 60 properties in Germany, the Netherlands and Ireland.

This news follows the closing of GreenOak’s second lending fund, the GreenOak U.K. Secured Lending Fund II, which focuses on commercial property in the United Kingdom. The fund raised £625 million ($837 million) and closed in July 2017. GreenOak has raised a total of $1.9 billion of discretionary capital for lending in the United Kingdom, Ireland and mainland Europe.

The first fund in