Debt

The London firm, which sold a 31% stake to Candriam Group earlier this year, plans to launch a successor to its TIPS One fund in Q3.

The Los Angeles-based manager is targeting $3bn for its Real Estate Debt Fund IV.

There are multiple reasons against the two firms’ real estate businesses consolidating after their merger closes later this year.

However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.

The $12.4bn raised in Q1 2023 is the lowest first quarter total recorded.

Real estate debt fundraising is soaring, as per PERE’s 2023 ranking of the 50 largest credit fundraisers. But the firms wielding the most firepower these days will surprise you.

Two key trends in fund formation are driving the market today: a flight to quality and a focus on debt.

The New York-based manager previously had invested as much as 18% of a fund’s capital with prior vehicles in the series.

Alternative lenders are strongly positioned to make up the continent’s funding shortfall. But raising capital is a major issue, say participants in PERE’s roundtable discussion

How we compiled our 2023 ranking of the 50 largest real estate debt fund managers.