Stoneshield Capital Closes 1.5 Bln Euros Opportunity Fund IV Above Target
KUALA LUMPUR, May 29 (Bernama) -- 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)
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 Morenés Botín and Juan Pepa said 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 per cent 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 per cent stake in Meliá Hotels International and a 15 per cent 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.
-- BERNAMA