Term Sheet: AXA’s fundraising drive, the first European CMBS of 2025, Quintain’s latest Wembley financing

French manager AXA IM Alts demonstrates investor demand with impressive fundraising figures; US manager Blackstone backs the first European commercial mortgage-backed securities deal of 2025; Quintain borrows from Bank of America in its latest Wembley Park financing; and more in today's briefing, exclusively for our valued subscribers.