Debt

Another year of growth for the 50 biggest debt capital raisers belies the slowdown in wider real estate fundraising.

The allure of debt strategies in today’s climate has outweighed portfolio pressures.

The Federal Deposit Investment Corp seized the bank and sold control of it to JPMorgan on May 1.

High-net-worth investors are capitalizing on the absence of institutional capital ‘to acquire assets that are usually beyond their reach.’

Fiera Capital’s property arm is raising one of the only semi-open-ended real estate credit vehicles targeting the region.

Blackstone’s president and chief operating officer considers real estate debt to be ‘an area of growth’ for the firm.

The industry veteran is joining the New York-based credit shop as it closes its first institutional private fund.

With stresses appearing in the financial system, the property sector may become a cause of these as well as suffering the consequences, writes Kiran Raichura, deputy chief property economist at Capital Economics.

With liquidity set to tighten further as banks continue to retrench, alternatives lenders are seeing opportunities across the spectrum.

The firm’s global co-head of real estate says having $30bn of equity to deploy, at a time when debt is harder to get, is a ‘valuable asset.’