Fundraising

BlackRock has held a first close on its UK Strategic Alternative Income Fund, which will invest in real estate debt among other asset classes.

Colony NorthStar has collected a total of $1.3 billion for its fourth real estate debt fund, Colony Distressed Credit & Special Situations Fund IV, Real Estate Capital's sister title PERE has learned.

BNP Paribas Investment Partners, the asset management arm of the French banking group BNP Paribas, is planning to raise capital for a European real estate lending strategy, Real Estate Capital has learned.

The real estate lending business of Swiss asset manager GAM is raising its second European debt fund, with a first close targeted by the end of Q2 2017, Real Estate Capital has learned.

Closed-ended private real estate debt funds raised $18.95 billion in the first half of 2016, according to figures from PDI Research & Analytics.

Venn Partners has held a second close for its first real estate debt fund, bringing total capital raised for the vehicle to £185 million.

Private real estate debt vehicles raised almost $4.7 billion in the first quarter of this year, according to data from PDI Research & Analytics.

Legal & General Property is expanding the debt facilities for two of its existing funds and looking for debt for a third vehicle, to raise £260m for further acquisitions, asset management and to cut borrowing costs, Real Estate Capital can reveal.

DRC’s European Real Estate Debt Fund ll seeks £400m from institutional investors, as managers plan a raft of follow-on mezzanine debt vehicles