Aermont Capital, the London-based pan European investment manager, has revealed it held a final close of its Real Estate Fund V in late July at the hard cap of €3.8 bn.
It is thought to be the largest European discretionary real estate fund to have reached final close this year to date.
A first close was held in late March 2022 when it had exceeded the formal target of €3 bn.
Aermont said investors in fund V included ‘some of the most prominent public and private pension plans, sovereign wealth funds and other institutions from Europe, North America, the Middle East and Asia’.
Since its inception in 2007, Aermont has raised €10 bn in aggregate equity commitments for a succession of five funds.
