The European Private Investment Funds team advised Slate Asset Management on the structuring and fundraising of its first European real estate fund, Slate European Real Estate Fund III. Slate Fund III closed at its hard cap of €250 million, exceeding its target of €200 million.
Slate Fund III received backing from a range of investors from the U.S., Europe and Asia (including university endowments, pension funds and private banks) and intends to predominantly invest in grocery real estate assets located in Germany.
The successful fundraising of Slate Fund III further strengthened the global relationship between Slate Asset Management and Goodwin. Goodwin advises Slate Asset Management on their German and UK real estate deals and on various US matters.
Goodwin’s European team was led by Samantha Lake Coghlan and Alan Skerritt and Lydia Galbraith, working with Glynn Barwick, Laura Charkin and Alexandrine Armstrong-Cerfontaine and associates Oana Millich and Priya Patel. The European team were supported by the firm’s global network of specialist lawyers including U.S. regulatory, ERISA and tax.