InfraRed Capital Partners has achieved the final closing of its latest real estate fund, InfraRed Active Fund IV, with total equity commitments coming in at £522 mln (€592 mln), exceeding the £500 mln target.
With leverage, Active Fund IV has an investment capacity of over £1.2 bn.
Investors participating in the equity raise include pension plans, foundations, wealth managers and family offices from North America, Europe, the Middle East and Asia.
The fund continues InfraRed’s strategy of focusing on intensively managed, high value-add opportunities in core markets, primarily in Germany, France and the UK. InfraRed has already committed more than 30% of the fund’s capital to five assets, including office projects in Munich, Paris and Frankfurt.
'We are very pleased with the support we have received from our investors, many of whom have experienced our disciplined and hands-on investment style over several years. The scope and quality of our investor base is testament to InfraRed’s track record and team,' said Chris Huxtable, Infrared's head of European real estate.
Atlantic-Pacific Capital acted as global placement agent for InfraRed.