U.K. investment manager launches debt fund, holds final close
Standard Life Investments has announced a final close for its closed-end European real estate fund and has launched a new commercial real estate lending fund.
Standard Life Investments European Real Estate Club raised more than €300 million ($369.2 million), providing more than €600 million ($738.4 million) of investment capability once the target gearing of 50 percent is deployed. The Euro Club has already committed more than 60 percent of the available capital to assets in France, Denmark and Germany, and has a pipeline of other opportunities in progress.
The fund attracted capital from institutional investors in the United States, Canada, Thailand, the Netherlands, the United Kingdom and the Middle East. Most of the clien