Alternative lenders

The manager is targeting high single-digit IRRs by lending against transitional real estate though its latest fund and associated vehicles.

The PERE Podcast unpacks how Sixth Street is refining its real estate platform amid a wave of macro geopolitical volatility, AI adoption, data demand and broader private credit turbulence.

Back leverage fuelled alternative lenders’ growth in origination volumes in 2025, the report’s author says.

A survey by the firm shows lending in the region remains concentrated with a limited number of providers.

A US credit firm has provided the specialist real estate lender with £100m of capital for the strategy.

The alternative lender said borrowers are struggling to source construction loans as bank liquidity dries up.

Receivers sold the Camden Yard scheme three years after construction halted.

Prague-based Crestyl sourced a €165m loan from the US manager to refinance its Polish platform, Spravia.

In this episode of The PERE Podcast, the team dives into the trends at play in the fundraising market using preliminary data from PERE's Q1 2026 report.

The New York-headquartered manager has extended its long‑standing relationship with the platform’s owners, StepStone Group and Proprium Capital Partners.