Tristan raises €420m for fund

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Tristan Capital Partners has completed a fourth and final capital close for its CCP III LP Fund, raising €420m.

The fund is now 45 % invested and 65% committed.

Tristan Capital chief executive, Ric Lewis said: “Many managers are struggling to raise capital because they’re forced to solve for unrealistically high opportunistic returns in European real estate markets.

“We said at the launch of the CCP III Fund that the current market environment lends itself more to moderate risk versus return, core plus/value add strategies and this has been proven by the fact that we’ve already successfully invested over 40% of the equity raised in the last several months.

“We’ve built a diversified portfolio of solid, income producing assets and we expect two-thirds of the fund’s equity capital to be committed by the end of the second quarter of 2012.”

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