Fundraising

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.

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, […]

Invesco lands UK pension pool commitment for European credit fund

LGPS Central, which invests on behalf of local government pension schemes, has allocated to the US manager’s CMI Europe.

Mercia targets up to £500m for UK real estate development debt fund

Birmingham-headquartered firm says investors are seeking regionally focused real estate debt strategies.

Pearlmark holds final close for sixth mezzanine debt fund

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

TPG, Blomfield secure £100m to boost UK IOS strategy

Leumi UK provided the financing to help grow the JV’s Concreit platform.