Mark Mwaungulu
The manager plans to reduce its use of loan-on-loan finance as it aims to launch its next credit vehicle.
The London-based manager has already held a first close on €60m and is aiming to raise €300m for a strategy that focuses on Greece and Italy.
The US firm has been growing its European lending exposure in partnership with lender Earlsfort Capital Partners.
The manager has provided a senior loan in the region of €25m, which will enable a refurbishment of the property.
The manager received a £300m facility to acquire 34 sites from a mix of banks and alternatives.
The loan will support the delivery of 2,389 student accommodation beds in the UK.
The manager has hired Sunny Lakhtaria as UK head of real estate debt.
The alternative lender will provide loans of up to 36 months for UK residential developers.
Toni McDermott, who has joined from Morgan Stanley, sees a growing need for flexible finance for real estate sponsors.
The manager's research shows the shift is largely due to a repricing having already occurred in equity markets.