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Fundraising
The Madrid-based firm will allocate a third of capital raised to real estate debt.
The Essen-based firm, which was founded in 2020, will target a 6-7% net return for its upcoming whole loan lending vehicle.
The firm is aiming to raise considerably more than when it first came to the European real estate credit market in 2020.
The London firm hit its £500m hard-cap on predecessor fund CREDF III in June last year.
Velo Capital, the recently formed group’s credit arm, will target financing opportunities including ‘brown-to-green’ schemes.
The French manager, and joint venture partner Altarea, have committed €200m of initial capital to their first dedicated real estate debt vehicle.
The Frankfurt firm, which has assets under management of €1.4bn, had previously put ambitions in the lending market on hold.
The London firm, which sold a 31% stake to Candriam Group earlier this year, plans to launch a successor to its TIPS One fund in Q3.
The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.
The fund will be Lenwood’s first dedicated residential credit vehicle, as it cites investor appetite for the asset class.