Oversubscribed Urban Partners fund raises €3.65bn

The newly created investment platform Urban Partners has raised €3.65 billion for the NSF V fund which is claimed to be the largest European focused value-add real estate fund to date.

The fund was oversubscribed and total demand exceeded €4.2 billion.

Urban Partners, which has €20 billion in assets under management, is an umbrella platform which combines housing real estate investor NREP, venture capital firm 2150, credit platform Velo Capital, and private equity investor Luma Equity.

Urban Partners said it will use a combination of constructive capital and the expertise of its financial arms to invest in projects that address the social, economic, health, and environmental challenges faced by cities.

Most of the commitments to the NSF V fund came from existing Urban Partners investors. Investors are globally diversified, and mostly comprises pension funds, insurance companies, and sovereign wealth funds.

“The phenomenal support generated for NSF V in the context of a fragile economic climate, is testament to the track record of its predecessors and an endorsement of Urban Partners’ ambition to transform the green credentials of cities and make them more liveable,” said Claus Mathisen, CEO, Urban Partners.

NSF V has a substantial qualified pipeline and has already committed approximately one-third of its capital. Investments include the Vällingby Centrum project in Stockholm (pictured above).