An alternative investment firm headquartered in New York says it's raised more than $1.5 billion in equity commitments for its latest European real estate fund.
Angelo Gordon, which manages about $35 billion, says it surpassed the European real estate fund's target of $1.2 billion. The European real estate fund will look for "off-market investment opportunities with a focus on sub-performing assets along the entire value-add spectrum," according to a press release.
"We'd like to thank our new and returning investors for their confidence and support of our strategy, which enabled us to hit this Fund's hard cap," said Adam Schwartz, co-CIO and head of real estate at the firm, in a statement. "Our limited partners' robust response speaks to the talent of our experienced team and depth of our industry expertise, which paired with our strong network of trusted operating partners, create a distinctive edge when it comes to deal sourcing, improving asset performance, and value creation."
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ryan Tarinelli
Ryan Tarinelli is a reporter at the New York Law Journal. He is based at the New York State Capitol in Albany, New York. He can be reached through email at [email protected]. Follow him on Twitter: @ryantarinelli.
