Daniel Cunningham
The investment manager has raised an additional €300m to fund loans with LTV ratios of up to 80%.
Property debt providers are understandably preoccupied by the pandemic. But it is crucial that progress continues to be made in sustainable finance.
The principal investment and advisory firm is aiming to invest up to €500m through its special situations strategy.
The London-based manager has made appointments in Paris and London as it expands the focus of its lending beyond the UK.
The current crisis is testing the strength of the country’s real estate debt and equity markets. It could also be an accelerant to change.
Market metrics show banks remain the largest providers of property finance in France.
The fallout from the coronavirus has led to a significant slowdown in the syndication market during the second quarter.
Our Debt Fund 25 shows how the managers of private real estate capital in Europe have managed to grow their reserves since 2015.
PGIM Capital raised: $1.33bn Headquarters: Madison PGIM Real Estate, part of US-based Prudential Financial’s investment management business, operates core, core-plus and value-add lending strategies, globally. Andrew Macland (pictured) is head of European debt. Bryan McDonnell is head of US debt and chair of global debt. Andrew Radkiewicz is global head of private debt strategy […]
The firms placed 15th to sixth in our ranking of Europe's biggest real estate debt fundraisers.