Alternative Lenders

Phoenix’s property lending to shrink amid infra debt push

The UK life and pensions firm sees more opportunities in infrastructure financing than elsewhere in private credit, says head of private markets Cecile Retaureau.

LaSalle lines up $700m for open-end debt strategy

The firm secured commitments from investors in the US, Australia, Canada and Asia.

Apollo originates $785m loan for RXR-backed office acquisition

RXR and Elliot Investment Management are purchasing 590 Madison Avenue for $1.08bn from the State Teachers Retirement System of Ohio.

RXR, Liberty Mutual to deploy $1bn into real estate credit after JV expansion 

Liberty Mutual Investment’s up to $1bn commitment will help RXR grow its existing platform and pursue financing opportunities for multifamily properties nationwide.

Team up or take charge – how managers will need to evolve to accommodate 401(k) investors

The Trump administration’s order to allow private alternative investments in defined contribution plan portfolios will require managers to take a different fund design tack.

Madison Realty renews Miami River backing with $350m bridge loan

The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.

New Principal white paper makes the case for CRE debt

The white paper comes as debt funds are becoming an increasingly important capital source for commercial real estate sponsors.