The largest fund this month is Tristan Capital Partners’ new fund in the market, a fourth diversified pan-European fund. The recently launched European Property Investors Special Opportunities 4 aims to raise €950 million.
EPISO 4 follows the final close of its predecessor, EPISO 3, which raised €950 million, exceeding its original target by 25 percent. EPISO 3 launched in 2012 with a €750 million equity fundraising goal.
The new value-added/opportunistic fund is the firm’s sixth fund. It will invest in western and central European markets in the office, logistics, retail and residential sectors. The fund’s strategy is to target investment returns of 15 percent net to investors and with a maximum leverage of 60 percent loan-to-value.
Another fund launch was Mercer Real Estate Partners 2, a value-added fund managed by Mercer Real Estate Partners, aiming to raise more than £225 million (€308 million). The strategy is to look for opportunities to imp