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The manager, which initially targeted €400m for its sixth property credit fund, now expects to raise up to €300m by final close this year.
Former RBS banker Gareth Taylor has joined the firm as head of real estate debt.
The firm’s real estate debt team is aiming to raise up to €500m for its senior-focused fund.
The manager is seeking €500m equity from European institutional investors.
The US manager will include UK offices in the lending strategy of its incoming £1.4bn debt fund.
The German lender reported a 54% profit increase despite being forced to take a write-down due to Russian counter sanctions.
Two of the biggest names in private real estate were engaged in conversations with their lenders about loans that are now due.
The UK’s small-ticket residential lending market will continue to offer attractive characteristics to institutional investors, despite rising mortgage rates, argues LendInvest’s Omega Poole.
The UK’s fast-changing political and economic landscape, however, could mean fundraising may slow down in the months ahead.Â
The firm, which has hired two executives from Cheyne Capital to lead the business, sees opportunities arising from ‘a wall of refinancing’.
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