European Real Estate Debt Fund II (ERED II)
ERED II achieved its final close in Spring 2014 with total commitments in excess of £487m, surpassing its target fund size of £400m.
The Fund is DRC Capital’s second European commercial real estate debt fund and pursues a similar strategy to the successful ERED I.
ERED II was fully invested having completed 26 investments, with 22 investments fully realised.
The fund is anticipated to generate a Gross IRR of 12.5%-13.5, with a cash income component that provided for a net distribution to Limited Partners in excess of 8% per annum.