European healthcare real estate manager Threestones Capital is seeking to raise €500m for its latest fund, which has already held its first close.
Eurocare V, the manager’s fifth fund, will target core-plus and value-add strategies across healthcare and social infrastructure assets like care homes and senior residences. With leverage, Eurocare V will have an investment capacity of up to €1bn.
The predecessor fund, Eurocare IV, which raised €320m in equity, is nearing the end of its investment phase. It currently manages 38 properties.
Giovanni Perin, partner at Threestones Capital, said: “Eurocare V is our fifth vehicle focused on healthcare real estate, reflecting our extensive experience and ongoing commitment to the sector. This successful first closing with re-up capital exclusively validates the investors’ recognition of Threestones Capital’s longstanding expertise and track record in the European Healthcare sector, built over the last 16 years.
“After an uncertain investment environment over the past two to three years, now is the right time to invest in this market, at an attractive price point, with momentum, and to capitalise on the strong fundamentals and growth of the European Healthcare market.”
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