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Alternative lenders
The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.
The fund will be Lenwood’s first dedicated residential credit vehicle, as it cites investor appetite for the asset class.
The manager, which initially targeted €400m for its sixth property credit fund, now expects to raise up to €300m by final close this year.
However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.
London-based Ashby Capital assembles a property debt platform for to provide mezzanine and development finance to the UK.
The specialist fund manager is aiming to raise capital from pension funds and insurance companies to finance smaller-scale UK residential projects.
Former RBS banker Gareth Taylor has joined the firm as head of real estate debt.
The Swedish property company’s chief executive says alternative lenders will be thwarted in their attempts to break into the bank-dominated market.
The firm’s real estate debt team is aiming to raise up to €500m for its senior-focused fund.
The London business school’s latest UK lending market survey reveals origination was only slightly reduced in 2022 despite economic upheaval.