CAPITAL WATCH: Private real estate debt funds in the market

PERE Research and Analytics’ monitoring shows 52 real estate debt funds in the market this month, seeking to raise $25.7bn. New entrants include Mack’s new lending business, Mack Real Estate Credit Strategies, which is headed by ex-Blackstone managing director Peter Sotoloff. It is seeking $750m for a fund providing junior debt and bridge loans to developers in the US and Europe.  Torchlight Investors aims to raise $1bn for its fifth, US-focused debt opportunity fund, targeting 13-15% net returns.  In Europe, La Francaise and Forum Partners have launched a new senior debt fund, the LFP Senior Loan Club.

Click here to see funds in the market: Capital Watch: Debt funds