This content is from: Innovation

Sparinvest Raises €200M For FoF

Sparinvest Property Investor has closed its global fund-of-funds Sparinvest Property Fund II at €200 million.

Sparinvest Property Investor has closed its global fund-of-funds (FoF) Sparinvest Property Fund II at €200 million, Europe Real Estate reports. The funding came from Danish institutional investors, including PKA, PenSam and Laerernes Pension.

The firm aims to form a global portfolio of funds with an overall target return of 10 percent to 13 percent net. The product focuses on specialized mid-size managers in areas, such as multifamily properties in California, office properties in New York, hotels in Germany and shopping centers in China.

Click here for the story from Europe Real Estate.

Related Content