Daniel Cunningham
The alternative asset manager said investing in the UK specialist lender will accelerate its growth ambitions.
The Nordic manager is buying an existing real estate credit business with a Munich-based team as part of wider plans to expand its core capabilities in the property sector.
The latest report by Bayes Business School, formerly Cass, reveals loan origination reached £23.3bn in the first six months of 2021 as lenders tackled a deals backlog.
More real estate managers want a piece of Europe’s property lending market, writes Daniel Cunningham.
The investment manager has raised an initial £140m of investor capital and is targeting £500m for its latest UK lending vehicle.
Several big-name investment managers have launched strategies through which they will write loans against European real estate.
The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.
Hoong Wey Woon, partner with financial services firm Alantra, says real estate lenders are getting creative as they strive to invest the large amounts of capital they have raised.
The London-based asset manager, which has a special situations background, is raising for a senior property loans strategy.
The asset manager has hired real estate finance specialist Natalie Howard from DRC Capital to lead a comprehensive debt business.