Lending

The UK manager said it has sourced £500m of institutional funding for the strategy.

Cascade Financial provides financing for individual borrowers seeking to buy manufactured homes.

The Dallas-based lender raised $148.6m in its first close.

The firm made the acquisition on behalf of several of its investment platforms.

The UK company made its lending debut in the retirement sector as it grows its overall financing activities.

The Lending Barometer found that about 51.3%, or $70.3bn, of loans tracked year-to-date were comprised of refinancings.

The Canadian firm’s Prashant Raj and Derek Richter explain why Europe’s real estate private credit market is a match for pension fund capital.

As loans mature into a higher-rate, more disciplined lending market, First Growth co-founder and partner Cyril de Romance explains why lenders are increasingly choosing to sell distressed loans rather than negotiate a second extension.