Eurazeo, an investment group, and Public Sector Pension Investment Board, a pension investment manager, formed a joint venture. "Since establishing our real estate division in 2015, Eurazeo has invested almost €900m of equity from its balance sheet in real estate opportunities targeting properties and companies with underlying real estate assets across Europe. Exits to date have delivered strong performance and, with our proven track record, we are now looking to invite like-minded third-party partners to invest alongside us in a pan-European opportunistic real estate investment program. We are thrilled to welcome PSP Investments as our first partner in a dedicated hospitality partnership, as part of this program," Renaud Haberkorn, Eurazeo Managing Partner.