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Sign in Sign up for a FREE subscriptionBlue Colibri holds final close of European fund
Blue Colibri Capital, a real estate private equity firm based in Luxembourg, has held a final close for the Blue Colibri Capital Partners II fund. The fund raised €165 million ($180.8 million), exceeding its €150 million ($164.4 million) equity fundraising target.
The opportunistic fund focuses on office, retail and hotel properties in select cities in Austria, France and Germany. The fund will buy distressed or poorly managed assets to redevelop and revitalize them, making them attractive to core buyers. Blue Colibri has been using this strategy since its inception.
The fund received commitments from existing and new investors, including endowments, funds of funds and family offices.