Catella European Residential Fund III has an initial investment pipeline of over €200m. : Catella Residential Investment Management’s (CRIM) newly launched pan-European fund has an initial investment pipeline of more than €200m, the manager said today as it announced its first investment of €42m in Denmark. Catella European Residential Fund III – launched in March 2019 for international clients with €50m of seed capital from an unmanned German pension fund – has acquired 83 apartments at Fillippahaven in the Valby district of Copenhagen.