The Blackstone Group has surpassed its €7 billion fundraising target for the Blackstone Real Estate Partners Europe V fund. According to an IREN article, the fund has raised €7.1 billion. The opportunistic fund launched in November 2015.

Blackstone Real Estate Partners Europe V will target office, industrial, residential, retail and hospitality properties. At least 60 percent of the opportunistic fund will be invested in the United Kingdom, France and Germany, while the rest will be invested throughout the remaining parts of Europe.

PGIM Real Estate has raised €457 million in commitments from institutional and high-net-worth investors from around the world for its European Value Partners Fund. The first close is the firm’s largest fundraise to date.

EVP is the first in a series of closed-end discretionary real estate funds investing in value-add investment opportunities in continental Europe. Specifically, EVP invests in real estate in Germany,