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Sign in Sign up for a FREE subscriptionMPC Capital holds €66m second closing for open-ended ESG fund
MPC Capital has added new institutional investors to its open-ended AIF, ESG Core Wohnimmobilien Deutschland fund.
The fund has raised €66 million ($75 million) more in a second closing, increasing the equity base of the fund to more than €140 million ($158 million). The total volume is expected to grow to €300 million ($339 million).
Launched in December 2020, ESG Core Wohnimmobilien Deutschland will focus on sustainable residential projects that meet a comprehensive catalog of criteria. MPC Capital said the locations and properties considered for purchase must meet specific requirements measured in terms of energy, social and corporate ethics.
“The demand for residential real estate remains high and will continue to be high against the backdrop of the undersupply of living space with decreasing household sizes,” said Ludwig Vogel, managing director real estate at MPC Capital. “We are convinced that we can offer good added value for our investors wi
