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King Street Closes Oversubscribed European Real Estate Special Situations Fund II
ESS II attracted a globally diversified investor base across North America , Europe , Asia , and the Middle East , with 50% of commitments coming from re-ups of the firm's predecessor ESS vehicle and existing King Street real estate investors.
"The strong investor demand for ESS II reflects confidence in King Street's ability to deliver innovative financing solutions in a market where transparency and liquidity remain scarce," said Brian Higgins , Founder and Managing Partner of King Street. "Amid historic dislocation, we see a clear path to recovery and believe ESS II is well-positioned to capitalize on a generational opportunity in European real estate."
"Our strategy focuses on the intersection of quality and complexity, providing capital solutions for trophy assets trading below intrinsic value due to market stress," said Paul Brennan , Partner and Co-Head of Real Estate responsible for leading the European business at King Street. "As traditional lenders pull back and capital remains scarce, we're able to deploy flexible capital and access landmark assets through proprietary, off-market channels."
The closing of ESS II marks a significant milestone in the growth of King Street's real estate platform. Recent investments including the Four Seasons Rome, the Bauer Hotel Venice, Room00, Arlington House St. James, and Bravo! Students, demonstrate the team's conviction in structurally resilient sectors with long term secular growth.
King Street is a global alternative investment firm founded in 1995, managing over
$29 billion in assets across public and private markets. The firm combines deep fundamental research with tactical trading expertise and differentiated sourcing capabilities to uncover dislocations and mispriced opportunities across asset classes and throughout the capital structure.
King Street Real Estate focuses on debt and equity investments in special situations and thematic platforms. Our special situations strategy identifies compelling risk-adjusted investment opportunities across the capital structure, in high-quality real estate assets in major markets. Our exclusive, thematic platforms are built around property sectors with compelling secular tailwinds. Since its inception, King Street has completed transactions totaling over $20 billion in real estate securities and real estate-related investments.
For more information, please visit www.kingstreet.com . Follow King Street Capital Management and King Street Capital Real Estate on LinkedIn.
Prosek Partners
pro-kingstreet@prosek.com
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