Catalyst Capital, the pan-European investment, asset management and development group, has closed its first dedicated European fund, the Catalyst European Property Fund with a total of EUR 228.5 mln of committed capital.
Catalyst Capital, the pan-European investment, asset management and development group, has closed its first dedicated European fund, the Catalyst European Property Fund with a total of EUR 228.5 mln of committed capital.
'Despite the current turbulent global economic environment, Catalyst has found substantial support from institutional investors from both Europe and North America,' the company announced Monday in a press release. Investors include pension funds, endowments, foundations and charitable trusts.
Catalyst said the fund would focus in particular on opportunistic investment opportunities in the UK, France, Germany, Italy, Belgium and selected markets in Central Europe. 'We are very pleased to have closed given the current global economic circumstances,' Peter Kasch, managing partner of Catalyst Capital, said. 'Our efforts are now concentrating on identifying acquisition opportunities where we can add value during a recovery period in the markets, particularly in established prime markets. Investment is now focused on cash flow and is as attractive as we have seen in 20 years.'
Park Hill Real Estate Group acted as placing agent for the fund, while Nabarro acted on behalf of Catalyst Capital.
Headquartered in London with offices in Paris, Frankfurt, Milan and Warsaw, Catalyst Capital purchases, develops and manages retail, office and industrial real estate, based upon opportunistic or value-added strategies. The company's real estate portfolio totals over EUR 4.1 bn and is focused on the UK, France, Germany and Italy. Catalyst has growing interests in the Benelux and the major emerging markets of Central Europe.
