Activum SG Capital Management has closed its third real estate fund with €380 mln of equity in what it described as record time.
Activum SG Capital Management has closed its third real estate fund with €380 mln of equity in what it described as record time.
The European real estate fund manager said that Fund III was substantially oversubscribed within six months due to strong existing investor support and new institutional demand spanning the Americas and Europe.
The third fund will build on Activum's strategy of finding, improving and selling under-performing real estate related assets in Europe.
Saul Goldstein, Activum managing partner, said: 'This capital raise comes at a perfect time for us as we are finding increasingly complex and capital-intensive investments in Europe.'
Atlantic-Pacific Capital served as the exclusive global placement agent. Paul Hastings acted as legal adviser on the transaction.
