Fundraising round-up: Infrastructure to the fore
Fund managers held equity raises in August for real estate, infrastructure and debt funds targeting Europe.
The Blackstone Group has raised approximately €1.0 billion for Blackstone Real Estate Partners Europe IV, an opportunistic fund that opened for fundraising in May 2013 with a €3 billion goal. The firm aims to hold a final close in March 2015. The fund is targeting European investment, and much of its investment activity will be in France, Germany and the United Kingdom in CBD office, hotel, industrial, logistics, multifamily and retail sectors. Blackstone’s third European fund, Blackstone Real Estate Partners Europe III, closed in 2009 with €3.1 billion, exceeding its €2.5 billion goal.
The European opportunistic fund series typically primarily invests in the office, industrial and hotel sectors. Blackstone Real Estate Partners Europe III capitalises on platform investing, public-to