Benson Elliot Capital Management is targeting €850 million in equity commitments for its next pan-European property fund.

Benson Elliot Real Estate Partners V will invest in opportunistic assets throughout Europe and follows its predecessor, Benson Elliot Real Estate Partners IV, which held a €634 million final close in 2016.

Another fund to enter the market is Rockspring TransEuropean VII. Launched by Rockspring Property Investment Managers, part of PATRIZIA Immobilien AG, the fund has a €500 million fundraising target and raised €100 million in a first close. It will pursue a cash-flow driven value-add strategy primarily across the office, industrial and residential sectors. Gearing has been set at 60 percent, suggesting potential firepower of up to €1.2 billion.

Meanwhile, Hillview Real Estate (HRE), the real estate division of The Hillview Group, has launched its second fund, Hillview Partners Property Fund II (H