Megafund activity dominates European market
Megafund activity dominated European capital raising headlines throughout the late summer.
London-based Aermont Capital has raised €1.904 billion for Aermont Capital Real Estate Fund IV. The opportunistic fund is mandated to invest in prime assets or projects at top loca- tions in major cities such as London, Paris, Berlin, Frankfurt, Barcelona, Amsterdam, Florence, and Lisbon, among others.
Tristan Capital Partners is marketing a new €1.5 billion fund. European Property Investors Special Opportunities 5 will primarily invest in European office, logistics, retail and residential properties.
Megafunds have also closed, with Global Logistic Properties (GLP) holding a final close of its Europe Income Partners I and Europe Devel- opment Partners I funds. GLP is the manager and retains a 13 percent stake across the funds, which have both raised €1.795 billion.