Publications

- April 1, 2015: Vol. 9, Number 4

To read this full article you need to be subscribed to Institutional Real Estate Europe

Fundraising round-up

by Andrea Waitrovich

AXA Real Estate Commercial Real Estate Senior 9 has held a first close, raising more than €1.5 billion. AXA Real Estate is targeting a final fund size of €2.5 billion, making it the largest European CRE senior loan fund in the market.

The fund is AXA Real Estate’s fourth commingled real estate debt fund targeting European third-party institutional investors. The structure of the fund allows capital to be recycled back into CRE Senior 9 once loans have matured, thus allowing investors to retain their investment.

In other fund news, Revcap Advisors Ltd has held a £225 million (€310.42 million) final close for its opportunistic fund, Kitty Hawk Capital Partners III, surpassing its £200 million (€275.93 million) target.

The fund targets real estate co-investment opportunities in smaller market transactions. It has already invested approximately 20 percent of its capital in transactions located in the United Kingdom, Sweden, France and Germany.

The

Forgot your username or password?