Europe

The real assets business of the $9trn manager is targeting junior lending opportunities in Western European markets.

The head of real assets at the Dutch investor says building valuations will take a hit unless owners are proactive in making their assets sustainable.

With 16 transactions closed in the first half of 2021, the industry is well ahead of last year and poised to surpass 2018’s record total.

Unless multiple mega-funds close during the second half year, the answer points to yes, according to PERE’s H1 2021 Fundraising Report.

The first six months of the year represented the smallest H1 total since 2012, when $57.5bn was raised during the period.

An incoming EU directive pertaining to third-party pre-marketing activity could exacerbate the challenges facing UK fund managers, write Debevoise & Plimpton’s Patricia Volhard, Jin-Hyuk Jang and John Young.

Compliance pressures are continuing to grow on both sides of the Atlantic and competition between domiciles is heating up.

The logistics vehicle is also the first to close since the Swedish private equity firm acquired the US investment manager earlier this year.

The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.

Zetland Capital acquired the Morrison Hotel in Dublin’s Temple Bar for a rumored €65 million from Russian businesswoman Elena Baturina.