Bedell Cristin partner Bruce Scott and senior associate Amedeo Claris-Delmedico acted as Jersey counsel to Harrison Street Real Estate Capital in connection with the establishment of its maiden European student housing opportunity fund, which raised €135 million in equity capital at first close.
The Fund was established as a Jersey private placement fund (PPF), which provides for a streamlined regulatory regime for the approval of closed-ended funds intended for private placement to up to 50 potential professional or sophisticated investors, and a 72-hour authorisation process for funds which meet PPF qualifying criteria.
Harrison Street is a Chicago-based real estate private equity firm with approximately USD 7.6 billion in assets under management through commingled funds and public securities products. To date, the firm has raised six closed-end opportunistic real estate funds, an open-ended core property fund and capital for their long-only public REIT products, totaling over USD 5.0 billion in discretionary capital.
Bedell Cristin worked alongside Harrison Street's US and UK counsel, DLA Piper.
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