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Angelo Gordon Raises $1.5 Billion for European Real Estate Fund to Capitalize on Coronavirus 'Distress'

Investment Firm Says Disruption from Pandemic Offers Opportunities
Angelo, Gordon reported that "political uncertainty, weak banks, and sluggish economies" have contributed to stress in the real estate markets in both the U.K. and Western Europe. (Getty Images)
Angelo, Gordon reported that "political uncertainty, weak banks, and sluggish economies" have contributed to stress in the real estate markets in both the U.K. and Western Europe. (Getty Images)
CoStar News
July 2, 2020 | 2:45 P.M.

Angelo, Gordon, the New York-based alternative investment firm focused on credit and real estate investing, announced Thursday that it has raised over $1.5 billion in equity commitments for its AG Europe Realty Fund III, exceeding the fund’s $1.2 billion target and hitting the fund’s hard cap.

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