Publications

- November 1, 2013: Vol. 7, Number 10

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Fundraising round-up: First closes galore

by Reg Clodfelter

1 European fundraising was very active in September 2013, with a number of European funds launching or having their first close. Angelo, Gordon & Co announced the launch of AG Europe Realty Fund, a value-added fund with a target fundraising goal of between $300 million and $500 million (€222 million and €370 million) in equity commitments. Aberdeen Asset Management held the first close for Aberdeen European Secondaries Real Estate Fund. To date, the closed-end fund has received €151.5 million, with Swedish pension fund Forsta AP-fonden (AP1) as the lead investor. Other first closes this month include Cordea Savills’ Real Invest I fund, a closed-end fund that will focus investments in office and mixed-use properties t

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