Benson Elliot Fund V beats €800m target

Benson Elliot Capital Management has raised more than €800m in its latest pan-European fund. The fund will focus on offices, retail, residential and hotels in the UK, France, Germany, Italy and Spain. Benson Elliot Real Estate Partners V was raised from a global group of circa 40 institutional investors, including university endowments, insurance companies, pension plans, sovereign wealth funds and family offices. It had a repeat investor rate of more than 95% from the prior fund. Approximately 40% of the capital was sourced from the US, 35% from Europe, with the balance from the Middle East and Asia. BEREP V