Term Sheet

Term Sheet: BNPP AM Alts amasses €3bn for real estate debt, EBRD invests in distressed loan programme, Aareal provides €406m for hotel portfolio

BNP Paribas Asset Management Alts amasses circa €3bn for a European real estate debt strategy; APS Group and the EBRD partner on a €250m programme to acquire distressed loans; Aareal Bank provides a €406m financing for a European hotel portfolio; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: S3’s $1.3bn strategy close; KSL’s fifth credit installment; Corten’s senior debt debut

Raising debt capital was a resounding theme this week as S3 Capital closed its third real estate debt strategy with $1.3bn of capital lined up; KSL Capital Partners has sights on a fifth installment in its real estate credit series after surging beyond $1bn for the preceding fundraise; Corten Real Estate has lined up insurance company backing to debut a senior lending platform to target a $1bn origination pipeline; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Bayes highlights debt fund gains, Standard Chartered backs London student housing, Ares posts strong Q1 fundraising figures

The latest UK lending market report from Bayes Business School puts debt fund origination growth in the spotlight; Standard Chartered gets behind Dominus and Cheyne’s London student housing scheme; Ares Management reports $5 billion of equity and debt commitments raised for real estate in Q1; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Naftali’s real estate debt threequel; Smith Hill’s resi push; Trinity and Sculptor’s CMBS support

Naftali Credit Partners is aiming for a $1bn fundraise for its third distinct real estate credit strategy; Smith Hill Capital is backing a residential platform expansion spearheaded by sector specialist EMCAP Financial; Trinity Investments and Sculptor Real Estate took to real estate’s securitized market to line up acquisition support for an $835m hotel purchase; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: A £450m London hotel refinancing, BGO’s Dublin exit, nominations requested for PEI Group’s Women of Influence

Qatari Diar turns to a banking consortium to refinance the luxury hotel it built on the site of the former US embassy in London; BGO’s debt chief explains the firm’s exit from a Dublin development; nominations are now open for PEI Group’s latest Women of Influence in Private Markets list; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Fed forward planning; Mortgage REIT stability; Securing data center slices

The Federal Reserve is holding interest rates steady as more potential economic stressors loom; Mortgage real estate investment trusts are originating slow and steady through the first quarter this year; Data center securitization activity shows more private real estate debt promise for secondary entry points; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Starwood’s $1.72bn recap; ACORE and Mavik’s blend; KKR’s global lending leadership

Starwood Capital has scored a critical agency refinancing line with $1.7bn of capital set to back a 12,955-unit affordable and workforce housing portfolio; ACORE Capital and Mavik Capital are blending senior debt and preferred equity to complete and lease-up a multifamily project in Washington; KKR has globalized its lending operations with the promotion of Joel Traut to oversee the firm’s full platform; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: BNP Paribas plans an SRT, a UK retail CMBS gets underway, MERA eyes preferred equity deals

BNP Paribas is the latest European bank to explore a synthetic risk transfer transaction; a fresh securitisation of London’s Westfield Stratford City shopping centre is set to boost CMBS volumes; MERA Investment Management gets backing for a preferred equity strategy; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Fortress, Invictus and PIMCO’s first closes; CapitaLand’s APAC follow-up; Peachtree’s insurance push

PIMCO, Invictus and Fortress each held first closes for their latest real estate debt strategies with $1.27 billion of cumulative capital lined up across the trio; CapitaLand has sights on growing its Asia-Pacific real estate lending presence with the final close of a sequel strategy in the sector; Peachtree Group builds on its deployment output with a senior hire geared toward bolstering insurance capital partnerships; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Apollo goes big on hostels, banks back Polish retail portfolio, CapitaLand raises for Asia-Pacific lending

Apollo Global Management backs the growth of a European hostel platform with an €874 million loan; Polish manager EPP wins bank support for its prime retail portfolio; Singapore’s CapitaLand corrals commitments for its second Asia-Pacific debt fund; and more in today’s briefing, exclusively for our valued subscribers.