Fundraising

The manager is seeking €500m equity from European institutional investors.

The firm is seeking to raise around €300m for its BNP Paribas European Enhanced Real Estate Debt Fund.

The US manager, which entered the European property lending market in 2020, is closing in on a first close for its latest vehicle.

The firm trumped its initial target of €2.5bn for Arrow Credit Opportunities II, through which it will invest in a range of asset-backed credit transactions.

The firm will aim to raise €250m for the vehicle, Albulus Credit II, with a focus on refinancing maturing loans in Germany and Austria.

The financial services firm closed its maiden property debt fund in 2021, surpassing its fundraising target.

A reduced appetite for risk among banks is further opening Europe’s real estate financing market for alternative lenders.

The Swiss asset manager is aiming to tap a broader investor base than for its first fund, which was mainly limited to German investors.

The UK manager is aiming to raise capital for a dedicated continental European vehicle with the aim of beginning lending this year.

The firm is looking to raise €300m from institutional investors for the residential-focused vehicle.