Quinlan Private is understood to be preparing to launch a €750m (£500m) fund to be used for a string of acquisitions before the end of the year. Sunday Telegraph

The fund, which will comprise 25% equity and the remainder debt, will give Quinlan Private with a war chest of more than €2bn.

This is the first time Quinlan Private has raised money in the US on the basis that investors did not know the acquisition targets before parting with their money. It has assets under management worth more than €10bn (£7bn), double what its assets were worth last year.

Meanwhile Quinlan Private will launch a second new fund this week. The €430m (£290m) Western European Office Fund comprises an office complex in Amsterdam known as the Atrium, which Quinlan Private bought this week for €200m from Tishman Speyer, as well as the recently acquired Senator House in London and the Bleichstrasse 1 hotel and office complex in Frankfurt.