Catalyst Capital has announced the first close of the €1bn (£890m) Catalyst Core Plus European Property Fund with equity commitments of €400m.
The fund will use leverage to increase its spending power to invest in income-producing assets in every commercial real estate sector, with a geographic focus on Germany, Poland, the UK and France.
The evergreen real estate fund will have an indefinite life, and its final close is expected to be in the first quarter of 2018.
Kean Hird, partner at Catalyst and manager of the fund, said: “This is a time in the cycle when investors are seeking secure income. Using our network of teams across Europe and understanding of local European markets, we are beginning to build a high-quality portfolio to generate attractive returns for investors.”
Catalyst is currently investing for its second European real estate fund, Catalyst European Property Fund II, which closed in August 2016 with €1 billion of spending power.
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