Paul Yandall
Driven by low interest rates, low bond yields, an aging population and growing demand for real estate finance, Australia’s private debt market is slowly becoming an asset class worth considering for the country’s investors. Paul Yandall reports.
Tony Woods becomes chief risk officer at the Melbourne-based investment manager.
.jpg?id=12885345356 "Motilal Oswal launches $155m mezz fund")
The third Indian mezzanine fund is targeting 25 percent returns on 10-12 transactions.
The US alternative investment beat Apollo Global Management and joint bidders Goldman Sachs and CarVal Investors, who were shortlisted for the NPL book.
The REIT teamed up with Allianz Real Estate to buy the €2.6 billion portfolio and has lined up debt financing to back the purchase.
.jpg?id=19327369803 "Hammerson issues £350m bond at 3.5%")
The London-based retail REIT has issued a 10-year bond with a 3.5% annual coupon.
%20(1)%2080.jpg?id=19327362815 "GIC closes £90m facility to Maya Capital")
The Singapore sovereign wealth fund has closed on a five-year loan to the European real estate investment firm.
The manager is adding debt to its £1.4 billion Industrial Property Investment Fund as well as its UK Property Income Fund II.
Charterhouse and Pramerica veteran Andrew Moffat has joined the UK-based marketplace lender to lead its property finance business.
.jpg "Apollo wins $3.6bn Mubadala GE Capital portfolio")
MidCap Financial, the mid-market and speciality lending arm of Apollo, has bagged a portfolio of loans in Europe and the US.