Fundraising

Ion Ion has bought a stake in the firm’s credit platform and will seed strategies including for real estate debt.

Despite a significant slowdown in fundraising activity last year, the US manager surpassed its target volume.

The Spanish firm is aiming to raise more than the €160m it attracted for its debut fund.

The sovereign wealth investor has joined forces with Aldar Properties and Ares Management for a $1bn investment drive.

The firm believes investors expect ‘higher for longer’ interest rates, meaning debt in the immediate term is a more defensive strategy.

The Naarden-based real estate debt fund manager is aiming to raise up to €400m for a debut pan-European debt fund dedicated to issuing construction loans on assets that have a social impact.

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 added an infrastructure-focussed lending platform to its existing real estate debt business to meet growing investor demand for long-dated products.

Real estate credit vehicles could feature in the bank's future plans for the platform.