Boutique real estate investment manager Optimum Asset Management has completed a €100 mln secondary transaction with new investors into Optimum Evolution Fund SIF – Property II, which is invested primarily in well-located real estate in Berlin.
The new investors into the fund include Helaba Invest, Neuberger Berman Private Equity and Blackstone's Strategic Partners Fund Solutions, as well as other major EMEA and US institutions.
'We are very pleased to have attracted further investors of such a high standard,' said Christian Schulte Eistrup, managing director, Optimum Asset Management.
'It was important to us to find partners with the right credentials and a demonstrable interest in accessing the Berlin real estate market. Thanks to the quality of this portfolio, it has been a seamless transition to this new group.'
The fund, which was launched in 2011, initially raised €200 mln in equity commitments from institutional investors and is focused on the core plus real estate market in the Berlin area.
The previous group of investors are realising a profit of more than 70%, based on the fund’s reporting net asset value as of 30 June 2017.
