Tristan eyes €1bn for Europe property Fund IV


annington-homes_sqLondon-based real estate investor Tristan Capital Partners is considering the launch of its fourth European Property Investors Special Opportunities with a target of €1bn.

The firm has begun testing the water with its LPs ahead of the launch of EPISO 4 although this will be subject to market conditions at the end of the year.

Tristan said if a new vehicle is  launch the investment strategy would be along the same lines as its predecessor.

Tristan held a €170m first close of its €750m-targeting European Property Investors Special Opportunities 3 in December 2012 and the second in May 2013, with the firm saying it was just about at the half way point at that stage.

The fund was set up with a view to investing in distressed European property markets.

Tristan says it looks for investment opportunities that are opening up across Europe, due to dislocation in the real estate markets caused by the credit crunch and the subsequent economic turmoil.

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