Debt Funds

Chicago Teachers to invest $30m Basis Investment Group allocation 

The $12.9bn pension fund allocated the capital to the New York-based manager’s BIG Real Estate Fund III.

S3 originates $300m construction loan for Queens mega-development

The funding will be used by KS Group and Alma Realty for the first phase of Astoria Cove project featuring four mixed-use rental assets.

S3 originates $210m construction financing for Brooklyn mixed-use project

The New York-based manager has steadily grown its East Coast lending book with development financing opportunities.

Principal AM adds Richard Hill to lead real estate research and strategy

Hill previously worked in a similar role at Cohen & Steers and will focus on allocation opportunities for the Iowa-based manager.

RMWC sets up flagship strategy via hybrid evergreen fund launch

CIO Steven Fischler says the firm is targeting a first close on April 1 as the firm bolsters its bridge and subordinate lending activity.

Blackstone lines up $8bn for final close of BREDS V

CalPERS backed the manager’s latest debt strategy with a $1.5bn commitment, while Illinois, New Mexico and Ohio institutional investment funds also contributed to the fundraise.

Wellington hires PIMCO team for debt platform launch

Ravi Anand and three other PIMCO alum will establish the Boston-based manager’s real estate credit presence and outline plans for a flagship strategy.