Global investment firm King Street Capital Management said this week that it has raised over $1 billion (€950 million) of capital commitments at the final close of its third opportunistic real estate fund, Real Estate Fund III (REF III). REF III leverages King Street’s expertise in navigating periods of market stress and dislocation to invest in special situations and select high-conviction themes in the US and Western Europe, the company said.
The fund targets opportunities where King Street can be a solutions provider to stressed assets and owners through rescue capital, whole loan solutions and subordinate financing. While King Street expects REF III to focus primarily on special situations opportunities, the fund will also deploy capital into existing thematic platforms including pan-European last-mile logistics, Spanish student housing and US production studios.
Source: https://propertyeu.info/Nieuws/King-Street-raises-950m-for-new-opportunistic-fund/b480022f-a473-458c-8f02-575df41144db, on 26.10.2023