Greykite has continued the capital formation programme for its inaugural fund, Greykite European Real Estate Fund I, and secured an LP commitment from the Vintage Strategies at Goldman Sachs Alternatives.
The fund held an initial close in March 2024, which included large LP commitments from Capital Constellation and Leucadia Asset Management.
The vehicle was launched with a flexible mandate to target property and corporate investments across a series of asset classes with durable fundamentals in select European markets, including opportunities emerging from special situations and market dislocation.
Michael Abel, founder and CEO of Greykite, commented: 'We are excited to welcome Goldman Sachs to our LP family, and I am thankful for the strong relationship that we have established over many years. Goldman Sachs is one of the leading, global investors, and having them as partners is another important milestone as we continue to build out a differentiated investment firm. It is a very interesting point in the cycle, and we are in a unique position to be able to make a difference with our experience and skill set.'
Igor Ostrowski, managing director at Goldman Sachs Alternatives, added: 'We are excited to partner with Greykite on this fund commitment as well as current and future co-investment opportunities. We believe that Greykite has assembled a capable team and is in a strong position to capitalise on the compelling investment opportunity in Europe.'
