REVCAP extends final close date for European property fund
Real Estate Venture Capital Management (REVCAP), an independent real estate adviser based in London, has extended its final close date for its, Kitty Hawk Capital Partners II (KHCP II) to April 19, 2013. The fund was previously scheduled to close at the end of 2012.
Real Estate Venture Capital Management declined to comment on fundraising.
KHCP II was launched in January 2012 with a fundraising goal of £150 million ($241 million). A first close was held in April 2012 with approximately £61 million ($98 million) raised. The amount of equity raised to date was not disclosed; however, approximately 50 percent of its capital has been committed to 12 transactions.
KHCP II invests in the United Kingdom and Northern and Western Europe. The fund focuses on value-added equity co-investments in smaller-market transactions, often below the traditional minimum investment size for larger opportunit