ICG Real Estate (ICGRE), the real estate division of global alternative asset manager ICG, has held the final close for the second vintage of its opportunistic real estate strategy (Metropolitan). ICG Metropolitan Fund II, together with its related vehicles (ICG Metro II), received €1.4 billion ($1.6 billion) of commitments
The fund surpassed its €1billion ($1.2 billion) target owing to strong demand from a globally diverse group of investors, including sovereign wealth funds, pension funds, insurance companies and asset managers
The fundraise brings the total amount raised for the Metropolitan fund series to €2.2 billion ($2.5 billion) since its inception in 2022. The Portfolio is highly diversified, comprising approximately 100 institutional‑quality assets on long-term, inflation-linked leases. It offers ICG investors access to opportunistic returns within the European industrial and logistics sector, with assets typically sourced off-market through non-tradi
