Rockspring exceeds €400m fundraising target
Rockspring Property Investment Managers has announced a fourth close of €428.5 million ($483.1 million) for its Rockspring TransEuropean Property VI, exceeding the fund’s €400 million ($450.9 million) target.
The value-added fund, which held a first close of €217.5 million ($245.2 million) in October 2015, invests in office, retail, industrial and residential properties across continental Europe and the United Kingdom.
The fund has received commitments from nine investors in the United Kingdom, Europe, Asia and the United States, including the School Employees Retirement System of Ohio.
TEP V, the fund’s predecessor, held a final close of more than