RedTree Capital has closed its RedTree French Fund I with €260 million ($280 million) of equity commitments, surpassing its fundraising target of €250 million ($270 million).
The investor base was primarily institutional investors from Europe and Israel, and was also supported by material co-investment commitments alongside the fund.
Fund I will invest in value-add properties in France, including offices, residential properties, logistics and hotels. RedTree has already deployed half of the fund.
To date, RedTree Capital has invested more than €900 million ($970 million) in 24 properties and has raised one real estate fund, according to the firm’s website.
A RedTree spokesperson told IREI that the capital raise has elevated the purchasing capacity (after debt leverage) of Redtree to €1.3 billion ($1.4 billion).
For more information, about this fund or others, please visit our IREI.Q databas
