Insurance Company

The French manager is aiming to raise €500m for its latest debt fund, focused on financing energy-efficiency upgrades.

The portfolio comprises nine modern self-storage facilities across Dublin, Belfast, Cork, Galway and Waterford.

The California-based manager is targeting $1bn in capital commitments.

The firm has raised roughly $3bn for C-PACE funds since 2023.

The report by Atrium identifies the growing role of private credit in the sector.

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.

The firm raised $528m for Pearlmark Mezzanine Debt Fund VI, exceeding its cap of $475m.

More insurance company investors are moving toward allocations and partnerships with US and European real estate private credit managers as their income needs grow.

A convergence of demographic momentum, bank retreat and housing undersupply has created a rare and durable opportunity in Australian commercial real estate debt, says Andrew Schwartz, group managing director and co-founder at Qualitas.

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.