Debt

The New York-based manager closed its first two vehicles on $550m in commitments.

MAM’s head of real estate APAC James Kemp sees the potential for the Australian real estate credit market to double in the next decade.

The Singaporean firm, which is buying Australian credit manager Wingate, aims to triple its FUM in the country over the next few years.

As well as providing a significant boost to Partners’ direct real estate business, the merger of the two Swiss firms will add real estate credit to the manager’s offering.

Gaining significant exposure to real estate credit was also a key draw, according to global co-head of real estate Karim Habra.

Inceptiv is understood to be targeting as much as $250m for a real estate-focused vehicle as part of its Co-GP strategy.

Although part of a 183-year-old family business, the Dutch asset manager is the new kid on the block when it comes to third-party capital management.

The US firm’s real estate credit business has previously focused on the US, Europe and Australia.

Despite the brighter outlook for attracting capital to private real estate, key metrics point to ongoing challenges for fund managers.

PEI’s largest Investor Perspectives study to date reflects the increasingly complex concerns affecting today’s capital allocators.