Luxembourg-based Stoneshield has set a Southern European fundraising record by closing its fourth opportunistic real estate fund at €1.5 billion, exceeding its €1 billion target after less than six months in market. The fund marks the largest-ever real estate fund focused on Southern Europe to reach a final close, according to PERE data.

The fund, which began marketing in December last year, secured its first close of €400 million in less than two months, demonstrating strong investor appetite for Southern European opportunistic real estate. Stoneshield's rapid fundraising success reflects growing confidence in the region's real estate market despite broader economic uncertainties.

This fundraising achievement positions Stoneshield as a leading player in Southern European real estate investment and signals robust institutional interest in the region. The fund's size and speed of close highlight continued capital availability for well-positioned managers in specialized real estate markets.