Benson Elliot has raised €700m for its fourth pan-European real estate fund.
It said its Real Estate Partners IV vehicle was over-subscribed, exceeding an initial €600m target.
Capital was raised from around 30 institutional investors, including public and private pension funds, university endowments, sovereign wealth funds, insurance companies and family offices.
The company said around 50% of the capital raised came from US investors, with 40% from European investors and the balance from the Middle East and Asia.
A €75m co-investment has been earmarked for the fund, of which around €50m has been deployed.
Marc Mogull, Benson Elliot managing partner, said: “As the events of the last week highlight, market uncertainty and change are constants in our world.
“Our investors expect us to exploit the opportunities volatile markets present, whilst keeping a careful eye on risk exposure.”
The fund has invested in nine deals in six countries.
In the UK, Benson Elliot has acquired the Vicarage Field shopping centre in Barking, the Meadows shopping centre in Chelmsford and the Guildford Business Park.
In Continental Europe, the fund has bought prime hotels in Paris, Milan and other gateway cities, as well as office and residential assets in Berlin and a shopping centre in Bologna.