Debt

The US manager has consolidated its asset-backed finance businesses at a time when it now invests more than $150bn on behalf of insurance companies.

The Korean pension is giving the New York manager a mandate to invest in several strategies, including $500m for “market shifts and technology disruptions.”

Technology can help real estate lenders and borrowers gain transparency and mitigate risks in loan management, say Chris Barbier and Alex Droste.

Distressed debt remained at bay during the first six months of 2021, according to the latest research from Bayes Business School, formerly Cass.

The pricing of the US manager’s latest debt facility is tied to performance measures, including its success in making its portfolio company boards more diverse.

Panelists at PERE’s Debt & Financing Forum said linking debt pricing to pre-agreed sustainability targets can encourage borrowers to stick to business plans.

Panelists at the PERE Debt & Financing Forum, held in London last week, said residential sectors and development mandates are increasingly attractive.

Senior executives at two of Canada’s biggest institutional real estate investors said they expected state intervention to prevent the developer’s $300bn debt pile from becoming a global issue.

S&P Global Ratings claims the fear may be greater than the reality, but there are plenty of examples out there to make investors feel uneasy.

The investment manager has raised an initial £140m of investor capital and is targeting £500m for its latest UK lending vehicle.