InfraRed European RE Fund Closes Above Target at $685M
The fund received “tremendous” support from the existing investors and welcomed a number of new limited partners from across Europe, North America and Asia, Atlantic Pacific Capital states.
NEW YORK CITY—InfraRed Capital Partners’ fourth European real estate fund has closed 22 million euros or approximately $29 million over its target.
Placement agent and advisory firm Atlantic‐Pacific Capital reports that InfraRed Active Real Estate Fund IV closed at £522 million (approximately $685 million), exceeding the fund’s £500-million target. Atlantic-Pacific Capital served as the global placement agent for the fund as well as for InfraRed’s prior European real estate fund.
The fund received “tremendous” support from the existing investors and welcomed a number of new limited partners from across Europe, North America and Asia, Atlantic Pacific Capital states. The offering appealed to a mix of pension funds, foundations, family offices and fund-of-funds.
Andreas Katsaros, InfraRed’s head of strategy and origination for European real estate, says, “We had a very exciting start with our Active Fund IV having already made five high quality acquisitions in Paris, Munich and Frankfurt. We are delighted with the support we had from our existing investor base and the new investor relationships we were able to build as part of this fundraise.”
InfraRed Capital Partners, a global investment manager focused on infrastructure and real estate with offices in New York City, London and Hong Kong, established the fund to continue its value-add investment strategy focused on Germany, France and the UK. RealShare NY: Though the NY real estate marketplace often gets chided for being traditional and only for those connected, much is changing at a rapid pace. Developers are creating smart buildings and creative office space, new technology tools are coming to market, data analytics help all players in the market make better deals, and new sources of financing and capital emerge monthly. Come and explore how the NY CRE market is adapting to change and cultivating new opportunities. To register for REALSHARE NEW YORK, please visit https://www.eiseverywhere.com/ehome/315317/680252.