Deutsche Asset & Wealth Management’s senior debt fund is a new player in a very competitive league. Senior lenders are a dime a dozen on its home turf, Germany, and that domestic market is the fund’s “top priority”.
Closed with €500m in January and with more capital in the pipeline, the fund is squarely in the safe, conservative space: targeting loan-to-value ratios of 60%, on three- to 10-year terms, in the four main asset classes, and fixed or floating rate.