Andrew Hedlund
The firm has raised $3.3bn for real estate loans across its first two funds.
Both funds are the debut commingled pools of capital for the respective strategies.
The alternative lender pulled in $2.63bn for its previous vehicle.
The Apollo BDC, which owns equity in the company, shed its subordinated debt positions in the second quarter, as did the New Mountain BDC.
Much of the total comes from a $100m allocation from the University of Michigan.
Europe’s GPs are hungry for capital, and US LPs have plenty to commit. But bringing them together means overcoming concerns about the way disparate regimes operate.
The deal will allow Latitude20 to increase its loan size by $10m.
The Canadian property investment firm wants to make bridge loans of up to $35m.
The New York-based alternative lender is looking to position itself to take advantage of the next downturn, according to the firm’s leader.
The San Mateo retirement plan has made a single $70m commitment to a Prudential Global Investment Management real estate debt vehicle.