The CapMan Nordic Real Estate III fund acquires the Kauriala buildings and a plot belonging to the Seminaari school located in Hämeenlinna from the University Properties of F.
CapMan Nordic Real Estate Investment S.À.R.L. in their joint venture with Agat Ejendomme A/S have signed a sale and purchase agreement for the sale of Ringsted Outlet to Patr.
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Ashurst advised CapMan on third Nordic real estate fund
Global law firm Ashurst advised CapMan on the establishment of their third Nordic value-add real estate fund, the CapMan Nordic Real Estate III Fund.
The Fund, which includes Nordic, European, North American and Asian institutional investors, held its final closing in March 2021 with €564 million of equity commitments, exceeding its target size of €500 million and reaching its hard cap.
The Fund is the largest in CapMan’s operating history and demonstrates the high-levels of confidence investors have in CapMan’s value-add real estate investment strategy. With leverage, the gross investment capacity of the Fund exceeds €1.4 billion.
Los Angeles County Employees allocates $390 million to 5 funds
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Los Angeles County Employees Retirement Association, Pasadena, Calif., committed a total of $390 million to five alternative investment funds, according to an executive session report on the $65.4 billion pension fund s website.
LACERA s board of investment at its Jan. 13 meeting approved commitments of up to $100 million total to venture capital funds LAV Fund VI and LAV Fund VI Opportunities, both managed by
Lilly Asia Ventures.
The board also approved commitments of up to $100 million each to Grain Communications Opportunity Fund III, a telecommunications infrastructure fund managed by
Grain Management; and buyout fund
Novacap TMT VI; and up to €75 million ($90 million) to