fundraising

The Madrid-based manager is aiming to deploy around 60% of its debt fund in small-to-medium sized loans in its home country, with the remainder targeted further afield.

The investment manager has raised an initial £140m of investor capital and is targeting £500m for its latest UK lending vehicle.

The firm has closed multifamily credit funds totalling more than $3.3bn this year.

The real assets business of the $9trn manager is targeting junior lending opportunities in Western European markets.

The German property finance boutique says potential club deals between its two credit funds will enable it to provide higher debt volumes per transaction.

The fund closed above target and with more than four times as much capital as its predecessor.

Iryna Pylypchuk, research specialist at industry body INREV, says demand for real estate credit shows no signs of slowing.

The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.

Hanno Kowalski, managing partner of the Berlin-based debt provider, says demand for junior loans against core assets means mezzanine lenders, and their investors, are taking less risk.

The French manager will add high-yield lending to its repertoire as it aims to double its credit assets under management.