Alternative lenders

Executive search firm Sousou Partners has exclusively shared with Real Estate Capital a comprehensive pay scale of the commercial property debt industry.

Erik Savi’s exit is accelerating the combination of infrastructure and real estate debt into a single platform, a plan that was already in the works.

Retail property values are falling, forcing lenders to question their exposure to the sector.

The firm’s latest credit vehicle has already significantly outpaced its predecessor fund, which closed on $695m.

Debt funds drove hiring activity across the European real estate debt market in 2018, research from Paragon Search Partners shows.

The fund will deploy capital in Europe and North America.

The asset manager has committed an initial £70m of lending through its debut UK-focused vehicle across five loans.

The asset manager has an additional €100m of commitments to its lending vehicle in the pipeline.

The New Mexico sovereign wealth fund has invested $242m in the Los Angeles-based manager’s vehicles since 2014.

Debt strategies will continue to play an important role in the coming years, despite the volume of capital raised for property credit funds dropping sharply in 2018.