Europe

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.

Loans in focus: AB’s Brooklyn mixed-use refi; PGIM’s industrial recap; Blackstone’s multifamily bundle

In today’s edition, AllianceBernstein is extending its year-to-date lending run with a $137.5 million refinancing deal in Brooklyn’s Bedford-Stuyvesant submarket; PGIM is adding to its industrial debt portfolio with a $213 million cross-collateralized package spanning major US markets; Blackstone is preparing a swath of multifamily assets for a commercial mortgage-backed securities loan; and more in our round-up of global loan deals from the past week.

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.

Affinius expands European platform with trio of new originations

The firm’s European credit platform has now closed four transactions this year.

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.

Long Harbour secures £160m loan for prime London BTR properties

NatWest was selected to provide the financing following a competitive lender process.

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, […]

Avison Young close to resolving dispute with UK tax authorities

HM Revenue & Customs last week filed a winding-up petition against Avison Young Real Estate Finance and other entities over historical tax obligations, but a spokesperson said the situation will be resolved shortly.

Real estate credit should read the warning signs

Managers are optimistic about prospects for H2, but recent headlines highlight risks in the broader financial markets.

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.