Activum SG Capital Management´s Recent Oversubscription is Poised tobe the European Real Estate Fundraising of the Year
Atlantic-Pacific Capital, the largest independent global placement agent and advisory firm for alternative investment funds, announced today the final close of Activum SG Fund II, L.P. (the "Fund") with €238 million of capital commitments. The Fund, managed by Activum SG Capital Management Limited ("Activum"), blew through its €200 million target in eight months of fundraising with the support of a diverse group of institutional investors, including several prominent endowments and foundations. Atlantic-Pacific Capital acted as the exclusive global placement agent and advisor.
Similar to its predecessor fund, the Fund was formed to capitalize on opportunities to reposition stressed and distressed real estate assets in Germany. The team has a hands-on approach to real estate investing and seeks to improve the underlying asset cash flows through lease-up, operational improvements and rehabilitation work. Activum is led by Saul Goldstein who founded the firm in 2007 after a successful career at Cerberus.
"Atlantic-Pacific Capital did a great job to ensure our time was efficiently used and took our offering to the "˜right´ LP investor base. The team was focused and understood our business, which ensured that we maintained our cohesive investor base while creating a greatly expanded LP group." said Saul Goldstein, Activum Founder and Managing Partner. "Being able to quickly raise capital will benefit our investors as we can execute on attractive market opportunities."
Activum´s fundraising success has come during a challenging time in the real estate fundraising markets for non-core real estate products. "Despite the continued concerns over the European financial system, Activum illustrates how focused, operational-oriented investors can thrive," said Sarah Sandström, Partner at Atlantic-Pacific Capital in London. "We are proud to be Activum´s fundraising partner and congratulate the team on achieving one of the biggest fundraising successes of 2011."
Atlantic-Pacific Capital, Inc. (www.apcap.com) Member FINRA and SIPC
Atlantic-Pacific Capital is the largest independent global placement agent and advisory firm dedicated to raising capital for alternative investments. Founded in 1995, Atlantic-Pacific Capital has raised over $40 billion for an extraordinary group of alternative asset managers seeking private capital. Typical projects include private equity, real estate, and infrastructure fund placements, as well as private placement financings in support of acquisitions, buyouts, and growth capital transactions. With dedicated relationship managers and advisors on the ground in New York, Greenwich, Chicago, San Francisco, London, and Hong Kong, Atlantic-Pacific Capital maintains thousands of trusted relationships with influential institutional and high net worth investors worldwide.