AXA Investment Managers - Real Assets has raised €6.9 bn of capital in 2015 comprising €4.1 bn and €2.8 bn for equity and debt strategies respectively.
AXA Investment Managers - Real Assets has raised €6.9 bn of capital in 2015 comprising €4.1 bn and €2.8 bn for equity and debt strategies respectively.
This brings the total capital commitments raised over the past three years to more than €20 bn, the asset manager said.
The €6.9 bn of capital was sourced globally from a range of existing and new clients comprising insurance companies, pension funds, sovereign wealth funds and financial institutions. Commitments were received from Europe, the Middle-East, Canada and the US, with a 'meaningful' contribution from Asia, where AXA IM - Real Assets now has three offices, following its expansion into South Korea through the opening of an office in Seoul in 2015.
Capital raised for the equity strategies in 2015, included €2 bn for a number of joint ventures and club deals such as for the acquisition, on behalf of a club of investors, of the flagship 22 Bishopsgate development in the City of London; €696 mln for AXA Selectiv’ Immo, a French real estate collective investment vehicle (OPCI); €431 mln raised in total for the development strategy.
In the debt space, AXA IM - Real Assets grew its debt platform to €13 bn of AUM, and raised €2.8 bn during the year including €1.3 bn for the CRE Senior 9 fund, which closed with a record €2.9 bn of capital, making it the largest CRE senior loan fund in Europe.
Pierre Vaquier, Chief Executive Officer of AXA IM - Real Assets, commented: 'Building on this momentum, we will continue in 2016 to develop our product offering and services.'
