A cross-border team of lawyers from Goodwin’s Private Investment Funds and Real Estate Industry groups advised GreenOak Real Estate LP in the final close of its second European Fund, GreenOak Europe Fund II, totaling €656 million of equity commitments and exceeding its target of €500 million. The Euro-denominated GreenOak Europe Fund II ("Fund II") is fully discretionary and has the ability to acquire assets in Western European countries including Spain, Italy, France Holland, UK, Germany, Portugal and Ireland.
The fund comprises institutional investors from North America, Europe, Asia and the Middle East, representing large corporate and government pension funds, endowments, foundations, and institutionally-managed family offices. In addition to Fund II's raised €656 million of capital, GreenOak has invested or committed a further €185 million of Fund LP co-investment capital and has an additional €70 million of committed discretionary Fund LP co-investment capital to deploy into this strategy.
GreenOak Real Estate is an independent, partner-owned, real estate focused principal investing and lending firm that seeks to provide strategic advice and create long-term value for its clients and investors. Founded in 2010, GreenOak operates a highly-focused global investment platform and pursues independent, discrete strategies in the United States, Europe and Asia.
The Goodwin team was led by partners Greg Barclay and David Evans, associates Bhargavi Mudakavi, Alan Skerritt and Niall Dick and partner Ben Eaton, with invaluable assistance from counsel Glynn Barwick, partners Mark Kirshenbaum and Marie-Laure Bruneel, associate Katie Leah, partners John Ferguson and Paul Lyons, counsel Colin Baker and partners Scott Webster and James Mattus.
For additional details on the closing, please read the press release.