Tristan Capital to raise €1.5b for new opportunistic European real estate fund

Tristan Capital Partners, an independent London-headquartered real estate investment management boutique, is raising capital for its newest opportunistic European real estate fund, according to board meeting documents from the Texas Municipal Retirement System. The firm did not comment on its fundraising efforts.

The new fund, European Property Investors Special Opportunities 5, is seeking to raise €1.5 billion ($1.75 billion), according to the retirement system’s document. The fund will primarily invest in European office, logistics, retail and residential properties.

“Tristan will continue the same strategy deployed in the previous vintages, seeking to acquire assets that have clear, correctable deficiencies impacting value that they believe can be quickly fixed and reposition the asset via re-leasing, recapitalization, restructuring and/or refurbishment,” noted Texas Municipal.

In addition, Texas Municipal plans to commit up to €60 million ($70.2 mi