Fundraising

BridgeInvest holds second close at $612m for latest real estate credit fund

The firm hopes to raise more than $1bn for the strategy by 2027.

Nuveen Green Capital closes largest-ever C-PACE loan in Massachusetts

The firm funded a $281m financing backed by the residential component of Winthrop Center, a 62-story, mixed-use property in Boston owned by Millennium Partners.

Exclusive: Prospect Ridge closes second debt fund at $800m

The fund will originate senior and subordinate debt across asset classes and geographies around the US.

New opportunity funds show changing definition for today’s distress

Private real estate lenders are set to be part of the solution to today’s version of distress.

Definition of distress shifts as lenders seek to extend runway on troubled loans

Lenders are pushing borrowers to resolve maturing loans, but the ample liquidity available in today’s market has so far helped to keep distress in check.

Ares sees strong fundraising momentum with $2.8bn in debt commitments

The New York-based manager also is raising a targeted $1.5bn US and European real estate debt fund.

Blue Owl nears $1bn raised across real estate and data center credit strategies

The New York-based manager noted it is drawing closer to $1.5bn targets set for the first vintage in each series during its Q2 earnings results.

PGIM hits $400m in first close for latest high-yield European debt fund

PRECap VIII will provide whole-loan and mezzanine financing, as well as preferred equity, across European real estate markets.

Exclusive: Slate closes $1bn SMA to expand senior lending platform

The New York-based manager is adding competitive lending depth atop its flagship platform and has more capital-raising efforts in the works.

Now live: PERE’s Inaugural Credit Manager Survey

PERE has launched its inaugural PERE Credit Manager Survey, a report through which we will gauge the state of play among real estate private credit managers in the US, Europe and the Asia-Pacific region. The survey, which closes on August 28, aims to get a sense of where lenders are active and why, fundraising initiatives, […]