Peakside Capital Advisors has raised more than €120 million ($146 million) of additional equity for its Peakside Real Estate Fund IV (PREF IV) in a second closing.
The money came primarily from a sovereign wealth fund and Europe-based institutional investors and family offices, including existing investor relationships as well as clients new to Peakside.
“The breadth and mix of investors who have now been expressing interest in our PREF IV fund validates our investment strategy and reflects the strong track record of our existing fund vehicles,” said Frank Schäfer, managing director and head of business development. “Not only have almost all of our established investing clients subscribed to the new fund following their positive experiences with our predecessor funds, we have also in recent months acquired mostly new equity investors who never before invested through Peakside.”
This second closing brings the PREF IV fund’s equity commitments already
