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Tristan raises €800M for new RE fund

02 January 18 - RE+D Magazine
Tristan raises €800M for new RE fund

COMPANIES

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Tristan Capital Partners has raised €800 million for its first perpetual life real estate fund.

 

European fund manager, which has previously raised a number of finite-life, closed-ended funds, said it had responded to investor demand for long-term exposure to core-plus assets.

According to realestate.ipe.com, the announcement comes at a time when a number of investment managers are raising capital for pan-European open-ended vehicles as they respond to investor demand for income yields.

The Tristan fund will employ a “value-added light strategy”, targeting net returns of more than 10% by investing in assets with “a single correctable impairment”.

It will focus on Western and central European markets in the office, logistics, retail and residential sectors.

The company said the fund “offers an attractive liability match for institutions, reducing the investment risk associated with private equity real estate investing”.

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