Australia's Pro-invest Group closes its second hospitality fund at $212.4m

Australia's Pro-invest Group closes its second hospitality fund at $212.4m

Sydney Tower Eye, Sydney, Australia. Photo: Seb Zurcher/unsplash

Australia-based asset manager and investment firm Pro-invest Group has secured A$300 million (US$212.4 million) from a diverse group of institutional investors for its second Australian Hospitality Opportunity Fund (Fund II), according to an announcement.