InfraRed Capital Partners has reached the final closing of its latest real estate fund, InfraRed Active Fund IV, (“Active Fund IV” or “the Fund”) with total equity commitments of £522m (c. US$690m), exceeding its £500m target.
With the associated leverage envisaged for its strategy, Active Fund IV has an investment capacity of over £1.2bn. The Fund continues InfraRed’s successful 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.
Over 30 investors across the globe have committed to Active Fund IV, including pension plans, foundations, wealth managers and family offices from North America, Europe, the Middle East and Asia.
Chris Huxtable, Head of European Real Estate, noted: “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.”
Commenting on the fundraising, Andreas Katsaros, Head of Real Estate Strategy & Origination, said: “Reaching deep into a select number of fundamentally strong markets, unearthing high quality opportunities, working with our tenants and creating highly desirable core assets with long-term purpose has been the mainstay of our investment approach. Our Fund IV investments in Munich, Paris and Frankfurt are great examples of this formula, and we are excited about the new projects we are expecting to add to the portfolio soon.”
Atlantic-Pacific Capital acted as global placement agent for InfraRed.