- May 1, 2013: Vol. 7, Number 5

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Fundraising round-up: forward March

by Sara Kassabian

European fundraising remains active as investors continue to commit equity to new and existing funds.

Legal & General Property (LGP) announced the launch of the UK Property Income Fund II (UKPIF II), a core/core-plus fund with a £1 billion (€1.2 billion) fundraising target. LGP anticipates its second fund will follow the success of the first in the series, UKPIF I, which raised £300 million (€354 million) in equity and manages £430 million (€507 million) in assets. Both funds invest in large-lot UK properties across property sectors. UKPIF II is slated to hold a first close at the end of the second quarter.

Also investing in the United Kingdom is the Industrial Income Fund, a partnership between UK firms Henderson Global Investors and Centur

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