ActivumSG Capital Management has raised €200 mln of equity commitments for its first Spanish real estate investment fund.
ActivumSG Capital Management has raised €200 mln of equity commitments for its first Spanish real estate investment fund.
ActivumSG Iberia Fund I, Activum's fourth fund, was significantly oversubscribed with 'overwhelming demand' from existing institutional investors, the European real estate fund manager said in a statement.
'With a strong local presence in Spain, this capital raise perfectly coincides with our ability to execute quick transactions and do business in Spain across a broad spectrum of real estate Investments,' commented Saul Goldstein, ActivumSG managing partner.
ActivumSG Iberia Fund will focus on value add and opportunistic investments throughout Spain and is expected to invest fairly quickly in a small number of transactions.
Similar to ActivumSG’s first three funds, the Iberian fund will concentrate on asset management intensive investments. 'Our goal for ActivumSG Spain is to replicate the success of the first three funds by being the go-to partner for sellers with complicated situations who want transaction certainty and serious execution,' added Brian Betel, head of Spain.
