French fund manager Zencap AM has raised €240 million for its second property debt fund, a vehicle which will be focused on providing credit to value-add and opportunistic deals.
French fund manager ACOFI has launched its fifth property debt fund, with a fundraising target of €600 million by July 2018.
The investment management arm of French insurance firm AXA has closed its 10th property debt fund with €1.5 billion raised.
Europa Capital has launched a debt vehicle with commitments of £100 million (€110 million) to invest in UK commercial real estate, with a focus on regional markets.
German bank LBBW is planning to open a new office in Toronto in early 2018, as part of the expansion of its real estate finance business into the North American market.
Tunstall Real Estate Asset Management has raised €55 million at the first closing of its new Netherlands-focused discounted pay-off debt fund.
German real estate debt fund manager Caerus Debt Investments, led by Michael Morgenroth (pictured), has reached a second close on its senior and whole loan fund, raising an additional €47 million of capital mainly from a German insurer.
BlackRock has held a first close on its UK Strategic Alternative Income Fund, which will invest in real estate debt among other asset classes.
Loan servicing firm Mount Street has expanded its presence in the Netherlands with the hiring of Jouke Boomsma to run an Amsterdam office, Real Estate Capital has learned.