Alternative lenders

The New York-based manager aims to tap into credit opportunities arising outside of the US.

The US bank’s alternative investment arm has held a final close on its latest debt fund and related vehicles.

The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.

A trend of institutional investors elevating credit-focused executives is a natural and predictable mirror of what is happening with managers.

Lenders, including debt funds, issued significantly less financing, the business school’s data shows.

Conditions are ripe for lending, but barriers to entry in the industry remain high, delegates at PERE’s London event heard.

Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.

CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.

The firm has originated two loans, one in Germany and the other in the Netherlands, ahead of a fourth fund launch.

As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.