ICG Real Estate announces €1.4bn final close for second Metropolitan fund

ICG Real Estate (“ICGRE”), the real estate division of global alternative asset manager, ICG, today announced that it has held the final close for the second vintage of its Opportunistic Real Estate strategy (“Metropolitan” or “the Portfolio”). ICG Metropolitan Fund II, together with its related vehicles (“ICG Metro II” or “the Fund”), received €1.4bn ($1.6bn) of commitments1.

The Fund materially surpassed its €1bn target owing to strong demand from a globally diverse group of investors including sovereign wealth funds, pension funds, insurance companies and asset managers.