Kuala lumpur: Stoneshield Capital, an European investment firm, has completed the final close of its Opportunity Fund IV at its hard cap of 1.5 billion euros in capital commitments, exceeding its original 1.0 billion euros target amid strong investor demand for European real assets. (1 Euro = RM4.63)
According to BERNAMA News Agency, the company said the fund closed within six months and at twice the size of its predecessor fund, despite subdued fundraising conditions for global real estate funds.
Stoneshield Managing Partners, Felipe Moren©s Botn and Juan Pepa, stated the fund would support the firm's strategy of combining hard asset ownership with operational improvements and platform-building opportunities across Europe. "Fund IV gives us the scale to continue executing that strategy by sourcing proprietary opportunities, scaling platforms around high-quality asset bases, and partnering with management teams to unlock growth through operational improvement and strategic repositioning," they added in a statement.
The fund attracted commitments from sovereign wealth funds, pension funds, insurance companies, endowments, family offices, and foundations across North America, Europe, the Middle East, and Asia, with existing global limited partners recording a 100 percent re-up rate.
According to the company, Fund IV will pursue control-orientated investments across European real assets and related corporate platforms, focusing on sectors including energy infrastructure, residential living, student housing, hospitality, and critical infrastructure.
The fund has already completed several investments, including a 150 million euros joint venture with Neinor Homes to develop a premium residential project in Marbella, a 9.5 percent stake in Meli¡ Hotels International, and a 15 percent stake in Exolum, an energy logistics and biofuels infrastructure operator.
PJT Park Hill and UBS Investment Bank served as financial advisors and placement agents to Stoneshield.