Alongside the Debt Fund 30 ranking, Real Estate Capital Europe asked the managers to reveal the volume of lending they completed in European markets from the start of 2017 to the end of 2021, broken down by the types of loans provided.
A total of 22 of the 30 managers provided data, revealing that they collectively deployed $96.1 billion over the five-year period, up from $86.1 billion reported by 24 managers in last year’s ranking. AXA IM Alts recorded the highest European lending volume, with a reported $18.98 billion of senior lending, a 13.6 percent increase from the volume reported for the 2016 to 2020 period. The volumes reflect lending from all capital sources – not just the capital raised from third-party investors, as counted in the main Debt Fund 30 ranking. However, the 22 lenders specified the percentage of deployed capital that was funded by external investors.