Capital Formation

Rising fundraising momentum affirms support for US real estate private credit 

Capital raised for North American-focused real estate debt funds doubled year-on-year, according to quarterly data from PERE Credit.

Clearwater PACE holds initial close of Ares-backed $300m C-PACE strategy

The specialist firm will funnel capital from Ares Alternative Credit funds toward $40m-$50m loans with an average LTV of about 35%.

Time to shift the dial on representation in real estate private credit

More seasoned executives are launching their own platforms and a greater proportion are women.

Avila holds second close of sequel real estate credit strategy at $200m

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

Resi conversions are helping to bring Manhattan’s office market back into favor

Tenant demand for a decreasing amount of space is leading bank and non-bank lenders to be more willing to finance developments, redevelopments and refinancings.

Maturing real estate private credit market remains a distinct asset class

As real estate private credit enters its next phase, lenders underscore why the sector is different than the broader private credit market.

BGO makes the case for real estate private credit in insurance company portfolios

The report, released this week, serves as both a primer and prompt on how the asset class would sit within an insurance company portfolio.