BentallGreenOak raises €869m

The New York-based asset manager has closed its second Europe focused secured lending fund.

Fund name: GreenOak Europe Secured Lending Fund II
Amount raised: €869 million
Target size: €800 million
Stage of fundraising: Final close
Final close date: March 2021
Predecessor fund: GreenOak Europe Secured Lending Fund
Amount invested to date: €382 million

BentallGreenOak has held a final close for GreenOak Europe Secured Lending Fund II at €869 million, according to a recent press release from the firm. To date, the fund has made eight investments totalling €382 million.

The fund exceeded its initial €800 million target and will invest in European real estate debt opportunities, with a particular focus on the Netherlands, Germany and Ireland.

The funds predecessor, GreenOak Europe Secured Lending Fund, raised €600 million at final close in December 2017.