Home Fundraising
Fundraising
The alternative asset management behemoth has exceeded its fundraising goal by almost $450m.
UK property debt specialist Laxfield Capital has added its first commingled debt fund to its longstanding lending business after raising £500 million (€568 million) of discretionary capital from institutional investors.
AEW and Natixis Asset Management’s partnership is expected to reach a final close for its second property debt fund by December, targeting up to €700 million.
Debt fund capital raised in the first nine months of 2017 surpasses last year’s total, Real Estate Capital data show.
French fund manager Zencap AM has raised €240 million for its second property debt fund, a vehicle which will be focused on providing credit to value-add and opportunistic deals.
French fund manager ACOFI has launched its fifth property debt fund, with a fundraising target of €600 million by July 2018.
The investment management arm of French insurance firm AXA has closed its 10th property debt fund with €1.5 billion raised.
Europa Capital has launched a debt vehicle with commitments of £100 million (€110 million) to invest in UK commercial real estate, with a focus on regional markets.
ICG-Longbow, the real estate debt-focused arm of Intermediate Capital Group, has held a final close of its third senior debt fund on £370 million (€409 million).
German real estate debt fund manager Caerus Debt Investments, led by Michael Morgenroth (pictured), has reached a second close on its senior and whole loan fund, raising an additional €47 million of capital mainly from a German insurer.