Realterm has held a final closing of its closed-end, value-added, Pan-European Realterm Europe Logistics Fund II (RELF II).
RELF II is the only Pan-European fund series focused exclusively on the transportation-advantaged industrial outdoor storage (IOS) sector, alongside other transportation logistics real estate properties.
RELF II’s more than €470 million ($539 million) in capital commitments substantially exceeded the fund’s €400 million ($439 million) target, with participation from 17 U.S. and European institutional investors, including a diverse mix of endowments, foundations, public and corporate pension plans, multi-managers, and funds of funds.
“This fund closing represents a tremendous success for our firm and recognition by our partners of the differentiation of our strategy and ability to execute in what has been an extremely challenging fundraising environment,” said Peter Lesburg, managing director and global head of capital markets
