Real Estate

Angelo Gordon’s $1.5B Fund Targets European Assets

by cpexecutive.com posted 2months ago 12 views
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.

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