Five fund launches, four final closes
During April several fund launches and final closes were announced.
The largest fund launch announcement was by Ares Management. Apollo European Principal Finance Fund III has a €2.7 billion fundraising target. It will invest in hospitality and residential real estate NPLs, alongside servicing and lending platforms, consumer loans, distressed shipping loans and small-to-medium-enterprise (SME) loans, according to one of its investors.
Nordic Real Estate Partners, a pan-Nordic real estate fund manager, has launched a mega-fund, creating a €1.1 billion Nordic logistics platform.
NREP Logistics Property Fund will take a strategic long-term approach to the Nordic logistics market and gradually grow the platform over time.
Savills Investment Management has also launched a vehicle for the Nordic region. Nordic Fund III – Retail follows a core-plus investment strategy and will invest in European community and neighbourhood shopping centres, as well as regional