The largest final close in March was held by Orion Capital Managers, which raised €1.5 billion for its Orion European Real Estate Fund V, exceeding its fundraising target. The fund continues the strategies of prior Orion funds investing in a wide range of assets across Europe.

Orion European Real Estate Fund V, which launched in Q4 2016, is an opportunistic closed-end real estate fund that will invest in debt secured by European properties.

The second final close was held by Mapletree Investments Pte, which raised approximately £426 million (€496 million) for a student housing–focused private trust, the first such vehicle in Singapore.

The fund, Mapletree Global Student Accommodation Private Trust, holds about £1.03 billion (€1.2 billion) in student housing assets in the United Kingdom and the United States, the two largest student accommodation markets in the world. MGSA P-Trust raised £195 million (€227 million) for a portfolio in the United Kingd