Round Hill Capital closes European Residential Income Fund II with €440m in commitment

Round Hill Capital, a leading global specialist real estate investor, developer and manager, has closed its European Residential Income Fund II (ERIF II) with €440 million ($480 million) of equity commitments with significant capital left to deploy in selected markets.

The closing follows a final tranche of €90 million ($98 million) raised from a French listed fund and an Asian public pension fund. They join nine existing institutional investors in the Fund comprising a range of state pension funds, insurance companies, financial institutions and family offices.

The fund targets core, core-plus returns by investing in multifamily opportunities in strong locations that exhibit positive demographic trends, persisting supply/demand imbalances and strong transport links.

Through its European network of offices, Round Hill Capital already has built a high-quality portfolio for ERIF II with 2,050 units under management, and the fund has significant dry powder av