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Several big-name investment managers have launched strategies through which they will write loans against European real estate.
Closed-ended private real estate debt funds raised $18.95 billion in the first half of 2016, according to figures from PDI Research & Analytics.
Venn Partners has held a second close for its first real estate debt fund, bringing total capital raised for the vehicle to £185 million.
Private real estate debt vehicles raised almost $4.7 billion in the first quarter of this year, according to data from PDI Research & Analytics.
Legal & General Property is expanding the debt facilities for two of its existing funds and looking for debt for a third vehicle, to raise £260m for further acquisitions, asset management and to cut borrowing costs, Real Estate Capital can reveal.
DRC’s European Real Estate Debt Fund ll seeks £400m from institutional investors, as managers plan a raft of follow-on mezzanine debt vehicles
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