Accord Group has raised $105m (鈧�101m) for a fund which makes strategic investments alongside real estate managers in the US and Western Europe.
The global real estate strategic investment and capital advisory firm鈥檚 debut fund, Accord Catalyst Fund, has so far completed four investments, including investments in the US targeting multifamily properties in gateway markets and, UK deals involving retail-to-residential conversion and for-sale residential investments.
Desi Co, Accord Group鈥檚 managing partner and co-founder, said the fund was created to 鈥渃atalyse the growth of real estate managers in the US and Western Europe by providing both strategic capital and capital advisory expertise鈥�.
Co said: 鈥淭he Accord Catalyst Fund is emblematic of our efforts to be in a long-term 鈥榓ccord鈥� with sponsors, by providing access to capital in an increasingly challenging and complex environment while serving as a trusted advisor on their strategic and operational needs through multiple cycles.
鈥淏y combining these capabilities, we aim to deliver to real estate managers a faster path to becoming a dominant player in their area of specialisation; for our investors, we aim to create a diversified portfolio of interests spanning an array of strategies, sectors, geographies and risk profiles.鈥�
Paul Jackson, managing partner based in Accord Group鈥檚 London office, said the fund is comprised of institutional investors representing pension fund, sovereign wealth fund, and fund-of fund capital based in the US, UK and Europe.
Jackson said the fund鈥檚 investments are closely aligned with the firm鈥檚 thesis of focusing on high-quality real estate located in North America and Europe.
鈥淚n addition, our investors in the fund, along with our investee managers, are attracted to Accord鈥檚 commitment to ESG and responsible investing. We prioritise the positive commercial and social benefits of strategies that embrace ESG initiatives and are committed to being responsible investors and good stewards of the environment and our global community,鈥� Jackson said.
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