trending Market Intelligence /marketintelligence/en/news-insights/trending/18D3cMEbces6Ic_PYCic4Q2 content esgSubNav
In This List

Report: Brazilian real estate fund draws $650M in capital

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Report: Brazilian real estate fund draws $650M in capital

PGGM, the second-largest pension fund in the Netherlands, and Dutch pension fund manager APG Asset Management committed about $250 million each to GTIS Partners' latest Brazilian real estate fund, PERE News reported, citing unnamed sources.

The fund, called GTIS Brazil Real Estate Fund III, raised a total of $650 million from seven institutional investors that also include the Illinois Municipal Retirement Fund.

The fund, which is likely to be 30%-committed by the end of August, will invest in office and industrial properties in São Paulo and Rio de Janeiro.

GTIS did not comment on the investor base, according to the report.