Peakside Real Estate Fund IV (PREF IV), a fund advised by Peakside Capital Advisors, has closed capital raising earlier than planned, after becoming significantly oversubscribed after only 11 months of fundraising.
Peakside said the initial hard cap of €350 million ($398 million) was surpassed, with the fund closing at nearly €415 million ($471 million) of equity commitments due to massive interest from existing and new clients. The investor base included institutional investors, sovereign wealth funds, and family offices from Europe and the Middle East.
Peakside said the equity base of PREF IV has more than doubled from its predecessor fund.
PREF IV will invest in more than €1.2 billion ($1.4 billion) of real estate, with a focus on German properties that are affected by pricing dislocations, assets that are “stranded” in sales processes, assets that have additional refinancing needs and assets with value-add or conversion potential. Ticket size will
