Rockspring Property Investment Managers has raised a further 鈧�211m for its TransEuropean VI fund.
The fund鈥檚 fourth and penultimate close takes it to 鈧�428.5m, above the 鈧�400m targeted.
Fundraising will continue until a final close in July for the fund, backed by nine investors from the UK, Europe, the US and Asia.
The fund, which has a value-add strategy, has so far deployed 鈧�226m across five assets in the UK, France, Portugal and Switzerland.
A further 鈧�177m has been committed.
Paul Hampton, partner and fund director of the TransEuropean series, said: 鈥淎s we look towards bringing the equity-raising programme to a close, we continue to see a strong investment pipeline of value-add opportunities in the market.鈥�
Assets in the office, retail, industrial and residential sectors in Continental Europe and the UK are being sought for the fund, which has a maximum 55% gearing, taking its investment capacity to 鈧�1bn.
TEP VI follows TEP V, which closed in 2012 with more than 鈧�350m of commitments from 12 investors.
