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ICG-Longbow, ICG's real estate debt business expects to exceed last year’s lending volumes after deploying more than £750 million across its funds so far this year.
AEW Europe, the Paris-based private real estate investment firm, has appointed Cyril Hoyaux as head of debt funds management ahead of the launch of a €750m debt fund. The firm is seeking to significantly expand its real estate debt platform with the appointment of Hoyaux and the setting-up of its second debt fund, Senior European Loan Fund 2 (SELF2).
Indian developer Sobha Group and investment manager RootCorp have launched a new fund targeting real estate assets, development debt and project equity in India. The India Debt and Yield Opportunities Fund is aiming to raise $300m and will target a return of 20%.
ICG-Longbow’s senior UK debt fund has reported profits after tax of £7.6m for the year ended 31 January 2015, up from £1.4m the previous year. ICG-Longbow Senior Secured UK Property Debt Investments has invested in 11 loans totalling £104m. Last year it loaned £8m on Ramada Gateshead and £10m on Lanos (York Hotel), completing its initial investment programme.
Aviva Investors real estate multi-manager has invested in TH Real Estate’s debut property debt fund, the UK Enhanced Debt fund.
Tyndaris Real Estate, a London-based real estate debt fund manager, has closed its debut fund on €350 million and has deployed £28m (€39m) of the capital on two investments in London. In addition, the firm has added two to its investment team.
Standard Life Investments is launching the Commercial Real Estate Debt Fund, its second vehicle to provide senior debt on UK commercial real estate. Targeting around £250m of capital, the new fund is designed for institutional investors and Standard Life's group pension scheme has committed £100m. The fees are 50bps on net asset value, with no performance fee.
MetLife Real Estate Investors is planning to raise its first real estate debt fund, Real Estate Capital’s sister magazine PERE has learned. The new vehicle, MetLife Commercial Mortgage Income Fund, is considered a companion to its MetLife Core Property Fund and would be one of the few open-ended real estate debt vehicles in the US market.
  Real estate private equity firm Madison Realty Capital has completed the first closing of its third debt fund, Madison Realty Capital Debt Fund III, raising $145.4m of capital commitments. Commencing 23 July for an 18-month raise, the firm is calling upon investors including public and corporate pension funds, university endowments, family offices, and wealth managers for […]
The Pennsylvania Public School Employees’ Retirement System has committed $150m for the launch of Värde Partners’ first fund dedicated to small, sub-performing US property loans. The Värde fund will invest in so-called “scratch and dent” loans – where borrowers have averted default by resuming payments – targeting discounted secondary market purchases of existing loans backed by office, industrial and retail properties typically […]

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