Orion Capital Managers has completed the final close of capital raising for its fourth European real estate fund with equity commitments totalling the maximum of €1.3 bn. The fund was fully subscribed.
Orion Capital Managers has completed the final close of capital raising for its fourth European real estate fund with equity commitments totalling the maximum of €1.3 bn. The fund was fully subscribed.
Orion European Real Estate Fund IV is a direct follow-on to the firm's previous three funds and has the ability to invest in the full spectrum of real estate assets, loans, portfolios, or real estate companies across Europe.
Orion Capital Managers is wholly owned by its founding partners, Aref Lahham, Van Stults, and Bruce Bossom who have worked as a management team for over 20 years.
Stults said: 'We are delighted that new and existing investors from around the world have shown their continued commitment to Orion and as a result Orion Fund IV has closed fully subscribed. The fund is a continuum of Orion’s investment activities across Europe post financial crisis. We are seeing a wide range of opportunities and have projects identified to close soon for Fund IV.'
Orion had been actively acquiring throughout Europe for its third fund over the last three years and the fund is now committed, having invested over €1.1 bn of equity to transactions including office and residential developments in Central London. The firm also recently bought from British Land the 50% of the 2 million square foot Puerto Venecia retail complex in Zaragoza, Spain that Orion Fund III did not already own.
