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Private real estate debt vehicles raised almost $4.7 billion in the first quarter of this year, according to data from PDI Research & Analytics.
Investment allocations outside the traditional commercial sectors (office, retail, industrial) have been increasing by 25 percent year-on-year on average over the past 15 years, according to a report by real estate advisor Savills. The report also highlights the rise in European residential investment specifically.
A study from Savills shows that allocations into alternative real estate assets have increased by approximately 25 percent year-on-year over the past 15 years.
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.

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