Insight

Term Sheet: Cottonwood’s $1bn fundraise; CIM’s Dallas conversion; Texas ERS’s top real assets swap

Cottonwood is capitalizing on capital stack dislocations with $1bn of capital newly lined up for its special situations strategy; CIM Group is channeling office-to-residential conversion momentum into the Southern US with the close of a $132.5m loan in Dallas; Texas Employees’ Retirement System is undergoing a change of guard at its top real assets spot with Bob Sessa’s retirement; and more in today’s Term Sheet, exclusively for our valued subscribers.

Invesco provides £158m logistics portfolio refinancing

The manager has had its most active year of European loan origination so far in 2025.

Apollo provides £190m IOS refinancing to Cerberus JV

The loan is understood to be Europe’s largest private credit IOS deal to date.

Term Sheet: Apollo eyes smaller loans, ICG backs data centre scheme, REC Europe’s Active Lenders 2025 launches

Apollo Global Management seeks out exposure to smaller loans through the launch of a small- and mid-market lending platform; ICG Real Estate provides financing to help pave the way for a major London data centre; Real Estate Capital Europe calls for submissions for the 2025 edition of Active Lenders; and more in today’s briefing, exclusively for our valued subscribers.

Puma Property Finance appoints its first head of hotels

The development lender has hired Louise Gillon, who had been Leumi UK’s head of hotel finance for 16 years.

Inside the deal: Värde’s €150m Nordic debut

The alternative lender is one of several international real estate managers seeking to deploy in the region.

REC Europe’s Active Lenders 2025: Is your organisation among them?

We are gathering information for our annual rundown of those actively financing European real estate.

Olympia: London’s redefined Victorian exhibition centre

The landmark West London venue has secured a £1.25bn refinancing package from Deutsche Bank, paving the way for the next stage of its ambitious transformation.

Debt advisers guide 2025

Welcome to Real Estate Capital Europe’s guide to the real estate debt advisers active in Europe today.