UK residential specialist Hearthstone Investment Management has announced the final close above target of its ten year closed-ended private equity fund, Hearthstone Residential Fund 1 (HRF1), with just over £200 mln (€230 mln).
UK residential specialist Hearthstone Investment Management has announced the final close above target of its ten year closed-ended private equity fund, Hearthstone Residential Fund 1 (HRF1), with just over £200 mln (€230 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.