BentallGreenOak closes two funds, exceeding targets
BentallGreenOak has completed final closes on two funds, exceeding the targets assigned to both vehicles.
Its GreenOak Europe Secured Lending Fund II closed with €869 million in capital commitments, exceeding its fundraising target of €800 million. The fund will focus on opportunities in Germany, the Netherlands, the Nordics and Ireland. To date, it has made eight investments with a total value of €382 million, in the form of loans in the Netherlands and Ireland, secured against office, logistics, residential and mixed-use properties.
The manager has also raised €695 million in equity commitments for its European Core+ Logistics Fund, surpassing its €500 million target. This is BentallGreenOak’s first fund entirely dedicated to the European logistics sector and complements its existing value-add strategy, which has invest