The firm’s Europe debt head Jim Blakemore (pictured) says fundraising for the regional vehicle was ‘a lot easier’ than it was for its first UK debt product thanks to investors being more comfortable with the strategy nowadays.
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
Innovation in the industry will require debt providers to rethink how they underwrite certain properties.
The latest figures compiled by our data team show there are 29 Europe-focused debt funds with known targets above €100m currently fundraising.
Henderson Park’s Nick Weber is targeting value-add opportunities in a late-cycle market. Europe’s wall of debt maturities is helping to create them.
Lending in the US is an attractive proposition for European organisations, but fierce competition is already hitting loan margins.
Spanish bank BBVA has sold an 80 percent stake in its domestic real estate business to US private equity firm Cerberus for €4 billion.
LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).
Brookfield Asset Management has held a $3 billion final close for its fifth real estate debt fund, Brookfield Real Estate Finance V, through which the firm has the ability to lend up to 20 percent in Europe.
The Northern Irish government has launched a £100 million (€111 million) fund to address the shortage of development finance.