HighBrook Investors Closes Fund IV Oversubscribed at $632 Million
WEST PALM BEACH, Fla. & LONDON–(BUSINESS WIRE)–HighBrook Investors (“HighBrook”), a deep value-oriented real estate firm investing in Europe and the US, today announced the closing of its most recent fund, HighBrook Property Fund IV (the “Fund” or “Fund IV”). The oversubscribed Fund closed significantly above its target at $632 million.
Fund IV continues the investment strategy of its predecessor fund, focusing on deep value and special situations, targeting industrial, residential, and creative office assets. The Fund focuses on select markets in Western Europe, including the Netherlands, Germany and Denmark and may also selectively acquire properties in the US that are consistent with HighBrook’s overall sector themes. On behalf of Fund IV, HighBrook has thus far acquired 80 properties comprised predominantly of urban in-fill, last-mile warehouses.
“We are grateful to both our existing and new limited partners for their strong support and commitment to HighBrook, particularly in a challenging economic environment,” said Brian Carr, Managing Partner, HighBrook Investors. “Their support allows us to continue our nimble yet highly focused investment approach with an emphasis on preservation of capital while capitalizing on high-quality value opportunities.”
Investors in Fund IV include a variety of leading endowments, foundations, public pension funds, fund of funds, family offices, consultants and wealth managers. Monument Group acted as the exclusive placement agent for the Fund.
“We believe the European market will continue to offer compelling investment opportunities, especially as the recent market volatility begins to result in distressed and special situations,” said Robert Giusti, Chief Investment Officer and Head of Europe, HighBrook Investors. “We will continue to utilize our extensive local relationships and market knowledge to source and identify deep value opportunities across markets and property types.”
“Limited partners clearly found HighBrook’s cycle-tested team, demonstrated investment acumen and exit discipline, and breadth of experience to be highly differentiated and compelling,” said Lori Campana, Partner at Monument Group. “We saw interest for Fund IV across geographies and investor segments and were pleased to have support from Fund III’s limited partners. We appreciate the opportunity to assist the HighBrook team with the fundraise and wish them continued success.”
About HighBrook Investors
HighBrook Investors is a real estate private equity firm that was founded in 2010 as a unique entity blending best practices from both the private equity and hedge fund industries. As a value-oriented investor, we acquire and actively manage property investments across select markets of Europe and North America which are typically in need of repositioning or restructuring. The HighBrook team specializes in recapitalizing properties that are encumbered by complicated structures, and in transactions that typically require speed, flexibility and substantial capital infusions. As a nimble and well-capitalized player, we are uniquely positioned to source and execute on compelling risk-adjusted investment opportunities. The firm maintains offices in London, Luxembourg, New York City and West Palm Beach.
About Monument Group
Monument Group is a leading, independent private placement agent managed by a senior team with a significant buy-side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 120 funds, totaling more than US$120 billion of equity. These clients represent a broad variety of investment strategies including buyouts, growth equity, venture capital, private debt, infrastructure, real estate and natural resources. Monument Group also has a strategic alliance with boutique secondaries advisor Mozaic Capital to provide capital advisory and transaction services to both general and limited partners. For more information on Monument Group’s primary and secondary capabilities, visit www.monumentgroup.com.
Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorized and regulated by the U.K. Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.
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