The company will use the equity commitments to pursue off-market, value-add deals across all property types. : Alternative investment giant Angelo, Gordon & Co. has raised more than $1.5 billion in equity commitments for its latest European fund, AG Europe Realty Fund III. The fund will target off-market, sub-performing, value-add assets across all property types in the U.K., Western Europe and Nordic countries. Anuj Mittal, co-portfolio manager of European Real Estate, said in prepared remarks they anticipate COVID-19 will likely lead to new distress in the European commercial real estate markets.