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What's New In Investments, Funds? - Sandstone, Schroders

Editorial Staff

3 August 2021

Sandstone
UK private property investment and management company said yesterday that its debut discretionary pan-European operating hotels fund has beaten its €500 million ($594 million) hard-cap target with its final close, reaching €525 million. 

Investors encompassed some of Europe’s largest insurance companies, primarily from France, the Netherlands and Finland, as well as a sovereign wealth fund from the Middle East, the firm said. 

Assuming what the firm called “moderate leverage,” the fund has around €850 million of capital to invest.

The Schroders Capital real estate hotels team consists of almost 40 hotel investment and asset management specialists located across Europe. 

With more than $66.5 billion assets under management, Schroders Capital offers a range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).