AIG Global Real Estate raised approximately $1.18 billion across three Europe-focused real estate funds from a total of 10 investors.

AIGGRE Europe Real Estate Fund II SCSP raised about $588.7 million, while AIGGRE Europe Real Estate Fund II LR Feeder LLC and AIGGRE Europe Real Estate Fund II GI Feeder LLC hit their targets of about $466.6 million and $121.0 million, respectively.

The New York-headquartered real estate fund manager, which is part of American International Group Inc., targets U.S. residential, hospitality, commercial, retail, eastern European commercial markets and Asian mixed-used projects.