Europe’s commercial real estate lending market remains a mixed bag, with certain strategies and regions more viable than others.
The strategy is the second-largest in the Los Angeles-based firm’s real assets business after US real estate equity.
Debt servicing is transforming from a purely administrative role to a more proactive, value-add support function for lenders.
The Los Angeles-based manager raised an aggregate $500m for its funds targeting the strategy in the second quarter of 2023.