Swiss investment manager Partners Group has closed its largest private real estate fund with more than $1.1bn (£740m) of equity.
The partners Group Global Real Estate fund is the third in a series and follows the closing of the previous fund in 2011.
So far fund III has committed 49% of its equity. Investments include four chopping centres in Norway, eight residential properties in Denmark and warehouses in US secondary markets.
Investors include a mix of new and returning institutional investors from public and corporate pension plans and insurance companies from around the world.
Partners Group made its first direct investment into the UK at the beginning of this year when it bought the £200m development site of 80 Fenchurch Street in the City. The scheme is due for completion in 2018.
