ADD Capital raises €2.3B across two real estate funds in rare Italian mega-raise
What's the deal? ADD CapitalDealroom has a profile for this one. Try Dealroom → has raised roughly €2.3 billion for two real estate funds, ADD Value Fund I and ADD Italy Living Fund. The capital came from leading Italian and international institutional investors, the firm said.
What's the endgame? The ADD Italy Living Fund is dedicated to affordable housing. ADD Value Fund I rounds out the dual-fund strategy, though the firm did not disclose a breakdown of the amount raised per vehicle.
The signal: The raise ranks among the largest real estate fundraising operations in Europe in recent years and the biggest in the Italian market, underscoring renewed institutional appetite for property assets in Italy — particularly affordable housing.
Read more: leadersleague.com
Image credit: Phillip Pessar
