Daniel Cunningham
The US manager has teamed up with Macquarie to provide the facility as part of a multifamily refinancing.
LGPS Central, which invests on behalf of local government pension schemes, has allocated to the US manager’s CMI Europe.
Andrew Schwartz, the Melbourne-based manager’s co-founder, says Europe’s lending market offers significant scope for growth.
A lack of capital at some platforms and limited lending opportunities is leading to itchy feet among some dealmakers.
Compensation improved moderately in 2025, data shows. But industry professionals are now looking for jobs in which they can close deals amid uncertainty.
The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.
Alongside Apache Capital, the US manager has secured capital for a Cambridge scheme.
The facility, sourced by adviser Walker & Dunlop, refinances 19 properties in the Netherlands.
The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.
The region offers opportunity for managers like the Australian firm, but success demands local expertise.