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Cairn Capital

Cairn Capital has launched its first European real estate debt fund with €50 million of seed capital from majority owner Mediobanca and an eventual target of €750 million.
Italian investment bank Mediobanca is seeking to expand its asset management capabilities with the acquisition of 51% of Cairn Capital, in a deal that sees the exit of Royal Bank of Scotland, reports Real Estate Capital’s sister publication, Private Debt Investor. The deal to take the 51% stake in credit asset manager and adviser, Cairn Capital, is expected to complete by the end of the year. The parties did not disclose the financial terms of the agreement.

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