Pan-European real estate investment manager Tristan Capital Partners has completed a second capital closing for its Curzon Capital Partners III Fund (CCPIII).
The fund has raised more than €300m in seven months since the its launch.
Tristan Capital chef executive Ric Lewis said: “Tristan is clearly benefitting from first-mover advantage with our new core-plus, value-added strategy fund, which is attracting institutional capital from across continental Europe and the US.”
Seven new institutional investors from Germany, France, The Netherlands and Finland invested in CCPIII at the second close, joining four earlier participants from Germany, Finland and the UK.
The fund has a target capital raise of €500m and at present has several investors in due diligence for a subsequent closing in late November.
CCPIII has completed several other major investments in the past few months, including the £23m purchase of a new office block in Glasgow, the €34m acquisition of a retail and residential complex in Düsseldorf, and provision of €100m in funding for a pan-European logistics developer.
