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Invesco’s EVAF II raises €550m in third close
Fundraising - JUNE 17, 2020

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Invesco’s EVAF II raises €550m in third close

by Kali Persall

Invesco Real Estate has raised €550 million ($621 million) in a third close for the European Value-Add Fund II (EVAF II), the firm’s second fund in its Pan-European value-added series. The fund is seeking to raise €750 million ($847 millon) in equity commitments.

The fund was backed by 18 investors in Europe, the United Kingdom and the United States. Invesco said 90 percent of the existing investors from the fund’s predecessor, EVAF I, also committed to EVAF II.

Similar to the first fund in the series, the investment strategy of EVAF II will be to focus on Europe’s most liquid markets, where Invesco’s value-added team employs active asset management across sectors to deliver properties for exit into the core market. Under this strategy, EVAF I has generated 22 percent of gross returns since inception.

EVAF II’s portfolio currently consists of four investments in the logistics and residential sectors in Central Europe, Italy and Spain. Invesco said

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