ICG Real Estate (ICGRE) has secured €1.4 billion in capital commitments for the final close of its latest opportunistic real estate strategy, exceeding its initial €1 billion target.
The manager said the ICG Metropolitan Fund II fund, together with its related vehicles (ICG Metro II), secured strong demand from a globally diverse group of investors, including sovereign wealth funds, pension funds, insurance companies and asset managers.
ICGRE said it raised a total of €2.2 billion for its Metropolitan fund series since its inception in 2022. The portfolio comprises approximately 100 assets held on long-term, inflation-linked leases within the European industrial and logistics sector, the manager added.
Source: realassets.ipe.com on the 31st of March