Real estate debt specialist DRC Capital has closed its second European fund on more than £487 million (€596 million; $818 million), significantly beyond its target.
DRC comfortably surpassed its £400 million goal for the fund, called European Real Estate Debt Fund II (ERED II).
The firm launched the fundraising for ERED II in the second quarter of 2012, held a first close in the fourth quarter of that year, and a second close in Q2 last year.
