Investors

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

The firm will provide origination, structuring and asset management services to existing investors with debt capital and lending programs in place.

Panelists at the PERE Europe Forum 2026 described highly competitive lending market conditions in the region.

The firm has lined up a $250m commitment for its credit platform, Brightshore Credit.

The expected increase is not predicted to affect pricing but could sour sentiment, lenders say.

Banks and private credit funds are competing for one of commercial real estate’s most favored sectors, speakers at the conference said.

The firm launched the evergreen fund with anchor capital from New Holland Capital.

Crestline Management recently closed its $625m European Capital Solutions Fund II, eyeing Spanish residential development.

The Canadian firm’s Prashant Raj and Derek Richter explain why Europe’s real estate private credit market is a match for pension fund capital.

As conflict and raised interest rates reshape expectations, alternative lenders are competing harder for deals while underwriting cautiously, say participants in PERE Credit’s Europe roundtable.