Senior Debt

PGIM: Real estate credit emerging as a core asset class for investors

The manager says a breadth of return options for investors is driving appetite for the asset class.

International banks compete for Ireland’s prime property debt deals

Standard Chartered is the latest to provide a big-ticket loan in what debt advisers describe as a competitive market.

Atelier targets £500m-plus AUM following back leverage deal

The specialist lender’s CFO says the firm is expanding its capital base.

DRC Savills IM raises €200m for whole loan debt fund

The newly-launched fund, which is already being deployed, is issuing loans of between €25m and €75m.

PGIM issues its largest German loan to date, sees growth opportunities

The manager says alternative debt providers are increasingly competitive against domestic lenders.

First Growth: Private credit helps bridge financing gap

Cautious senior and junior lenders are carefully selecting when to extend maturities, while sponsors are being equally careful in selecting when best to inject equity into deals, to avoid throwing good money after bad, says First Growth’s Francesca Galante.

China Life staves off Aldgate Tower loan default with equity injection

The insurer has secured an 11th-hour extension to a securitised loan after agreeing to provide equity as part of a refinancing package.

France’s election result prompts concerns around real estate recovery

The political crisis following an unexpected election will deter investors for now, say market participants.