European real estate fund manager Activum SG Capital Management has closed its third fund at EUR380m in record time.
Fund III will build on Activum’s momentum in finding, improving and selling under-performing real estate related assets in Europe.
Within six months Fund III was substantially oversubscribed due to strong existing investor support and new institutional demand spanning the Americas and Europe.
Saul Goldstein, Activum managing partner, says: “We have focused on steady platform growth and as a result we are seeing strong results across our portfolio of investments in office repositioning, specialty finance, and residential development in Berlin. This capital raise comes at a perfect time for us as we are finding increasingly complex and capital intensive investments in Europe. So we are pleased to have stable and thoughtful investors as our partners.”
Brendan Edmonds, partner at Atlantic-Pacific Capital, says: “Activum SG again has set the bar high by meeting the needs of an investor base that wants transparency and a responsive manager with a focused strategy.”
Atlantic-Pacific Capital served as the exclusive global placement agent. Paul Hastings served as legal advisers.
