Two megafunds launched in April
Kildare Partners launched Kildare European Partners II and is seeking to raise €1.75 billion for the fund. The fund will invest in distressed real estate debt and is expecting to hold a first close of approximately €1.3 billion in mid-May.
While Kildare European Partners I focused primarily on UK assets, Partners II will branch out to Germany, the Netherlands, Portugal and Italy as well as the United Kingdom.
Aberdeen Asset Management started marketing a German Urbanisation Property Fund, securing €150 million of commitments and with the aim of growing the fund to €1.5 billion.
Other fund launches in April included Omni Partners’ third UK real estate debt fund, with a €349 million fundraising target; it has raised €52 million thus far.
Another debt fund that launched is GreenOak Europe Tactical Lending Fund, managed by GreenOak Real Estate, with a €300 million target. The fund will also invest directly in CBD office, logistics, multifamily