Fundraising

The manager’s head of real estate for Europe reflects on the growth of international interest in the region as exemplified by the commitments to and deployment of its latest mega-fund.

This fund launch represents a key milestone in Link’s broader strategy to transform into a prominent third-party capital manager.

Having already exceeded its $1bn target size for the Europe-focused fund, total commitments could double on final closing later this year.

The Ohio-based manager’s inaugural closed-end institutional vehicle has scored early pledges from Partners Group and iA Financial.

The Miami Beach-based manager has deployed 30% of the fund’s capital raised to date, including in the take-private of a UK REIT last year.

The PERE Podcast breaks down PERE’s latest manager ranking and a shifting capital formation landscape with BGO’s John Carrafiell and APG’s Robert-Jan Foortse.

Outsized equity targets, and more time spent trying to reach them, contributed to a shakeup in the top echelons of PERE’s annual rankings.

This latest episode of The PERE Podcast examines the Chicago-based manager’s momentum and investors’ appetite for alternative property types.

North American investors accounted for more than half of the capital raised, while the remainder came from Asia and the Middle East.

The Chicago-based firm’s fifth and largest fund to date came in over-subscribed, with 72% of capital committed by returning investors.