Peakside Capital Advisors, the U.K.-based independent, owner-operated real estate investment manager, has raised €110 million ($129 million) of equity for its third fund, Peakside Real Estate Fund III (PREF III).
This has been achieved five months after the initial closing of PREF III and represents almost 75 percent of the €150 million ($176 million) total equity raising target, which will provide over €500 million ($587 million) of investment firepower plus co-investment.
“Having already surpassed the €100 million [$117 million] mark, we are now well on the way to achieving our €150 million [$176 million] fund target for PREF III, driven by very strong levels of investor demand,” said Stefan Aumann, founding partner of Peakside Capital.
Peakside Capital has attracted capital commitments from German and international institutional investors and family offices, many of which invested in the predecessor fund, PREF II.
PREF III, which
