Orion Capital Managers has collected a total of €1.5 bn of investor equity commitments for its fifth European real estate fund.
The London-based real estate private equity firm announced the capital raising results on 22 March after the final close of its Orion European Real Estate Fund V.
The fund was oversubcribed, Orion said, and once again 'enjoyed the support of many long-term investors', with the initial closing in late December 2016.
Orion was a major seller in 2014 and 2015 of assets acquired during the earlier investment periods for previous funds, and in a similar strategy, Fund V will seek to invest in a wide range of assets across Europe. Commenting on the market, CEO Aref Lahham (pictured) said: 'We are excited by the opportunities being generated by current political uncertainty across Europe.'
Orion's three founding partners - Lahham, Van Stults and Bruce Bossom - all remain committed and active in the business, Orion said. In addition, Rami Badr, who joined Orion 15 years ago, is becoming an additional partner and member of the firm's investment committee. Orion intends to bring on other senior team members as partners over time.
