Thursday, 27 October 2016
Last updated 6 hours ago
May 28 2008 | 11:22am ET
International private equity and real estate group Quinlan Private has completed fundraising for its first fund open to U.S. investors. QP has raised €400 million (US$630 million) from U.S. investors for the Quinlan Private European Strategic Real Estate Fund.
The firm raised an additional €325 million (US$512) from Irish and U.K. institutional investors, endowments, foundations, life companies and high-net worth individuals.
The fund targets real estate assets in the leisure/hospitality, retail, office and residential sectors.
Olan Cremin, Quinlan’s CEO, said the fund has a strong pipeline of investment opportunities and expects that it will be fully invested during 2008.