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London UK Hg Capital Saturn fund
The London firm hit its £500m hard-cap on predecessor fund CREDF III in June last year.
Velo Capital, the recently formed group’s credit arm, will target financing opportunities including ‘brown-to-green’ schemes.
The French manager, and joint venture partner Altarea, have committed €200m of initial capital to their first dedicated real estate debt vehicle.
The Frankfurt firm, which has assets under management of €1.4bn, had previously put ambitions in the lending market on hold.
The London firm, which sold a 31% stake to Candriam Group earlier this year, plans to launch a successor to its TIPS One fund in Q3.
The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.
Residential affordable housing
The fund will be Lenwood’s first dedicated residential credit vehicle, as it cites investor appetite for the asset class.
The manager, which initially targeted €400m for its sixth property credit fund, now expects to raise up to €300m by final close this year.
The firm’s real estate debt team is aiming to raise up to €500m for its senior-focused fund.
Frankfurt am Main Skyline, Germany
The German firm launched its maiden property debt fund in 2021 before discontinuing it in autumn 2022, citing difficult headwinds.

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