PEVAV II aims to deploy up to €1.3bn into value-add investment opportunities. :
AXA Investment Managers - Real Assets has raised €643m for its second European value-added strategy, exceeding its initial €500m target. The manager said the amount raised for Pan-European Value-Added Venture (PEVAV II) provides an investment capacity of up to €1.3bn, including leverage. PEVAV II received over 60% of its capital commitment from follow-on investors from the first value-add venture, which closed in May 2016 having raised €445m, the manager said.