Tristan Capital Partners raises €1.7b for latest fund

Tristan Capital Partners has completed the capital raising for the latest fund in its value-add/opportunistic series, with equity commitments from investors totaling just under €1.7 billion ($1.9 billion).

European Property Investors Special Opportunities 5 (EPISO 5) was almost 100 percent oversubscribed, with around €1.5 billion ($1.7 billion) of unfulfilled demand. EPISO 5 has a total of 39 investors including both existing and new clients, with a repeat investor rate of approximately 60 percent.  Clients are predominantly from the pensions, family office and foundations, insurance, and sovereign funds sectors. Over 55 percent of EPISO 5 clients are from Europe, Asia and the Middle East, and 45 percent are from the United States.

“We made a conscious pre-offering decision to try and maintain the fund at the same size as EPISO 4 despite a pipeline of demand that considerably exceeded the amount we raised,” said Sasha Silver, managing director and head of cli