Private equity fund manager MGPA said on Monday that it had secured commitments totalling $5.2 bn (EUR 3.4bn) at the close of its MGPA Fund III. MGPA Fund III consists of two regionally based private equity real estate funds, MGPA Europe Fund III and MGPA Asia Fund III, with mandates to invest in Europe and Asia respectively. The funds were raised from over 65 investors, ranging from corporate and public pension funds to insurance companies, foundations and endowments looking for exposure in the European and Asian real estate markets.
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