Italian fund manager EstCapital has closed the first round of fundraising for its RealEnergy investment vehicle, Italy's first fund to invest in energy-producing real estate assets. The vehicle, which is marketed and managed by EstCapital's Palladium SGR unit, raised over EUR 20 mln from private and institutional investors at a first closing. EstCapital intends to raise a further EUR 50 mln from investors in the final closing planned for the first quarter of 2010.
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