Debt Fund

Take a look at the latest update to the INREV DDQ for Debt Vehicles and the new Impact Investing appendix

Aviva Investors, the global asset management business of Aviva, has provided CLS Holdings (CLS) with a £154 million senior debt facility towards the refinancing of 12 UK assets.

The financing, which is provided over 10 and 12-year fixed-rate tranches, is being made on behalf of a combination of the Aviva UK Life Annuity business and third-party client mandates.

The INREV Guidelines now include a new filtering capacity, enabling members to view guidelines most relevant to Debt Funds

Schroder Real Estate’s hotels arm has raised an initial 60% of a €500 million fundraising target for its debut European fund.

According to the manager, Schroder European Operating Hotel Fund I have received €300 million of equity commitments from European institutional investors and family offices, and several more investors in the process of committing to the fund which is expected to reach €800 million of capital (including leverage of 40%) in a few months.

DRC Capital, an independent investment adviser focusing on the commercial real estate debt sector in Europe, has held a final close for DRC U.K. Whole Loan Fund, with total commitments of £700 million ($896 million), hitting its hard cap and surpassing its target fund size of £500 million ($640 million).

The joint INREV and CREFC Europe round table is an invitation-only event for debt fund managers and institutional investors. It will be held in London on Thursday, 8 November. 

Any debt fund managers and institutional investors interested in joining should contact jeff.rupp@inrev.org for details.

Join INREV’s Research and Analytics Associate, Edgar Orlovskis on Wednesday 27 June as he gives a presentation on The Rise of European Debt Funds during the IREBS German and International Commercial Real Estate Research Day. 

Register Programme

Property group Places for People has acquired a £300m (€342.6m) socially responsible UK regeneration fund managed by Aviva Investors.

PGIM Real Estate is seeking to raise $2 billion (€1.63 billion) over the next three years for its new open-ended real estate debt fund, according to one of its investors.
The Stanislaus County Employees’ Retirement Association (StanCERA) is committing $54 million to the PGIM Real Estate US Debt fund, a board meeting report shows.
IPE Real Estate – 13 March 2018
 

UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has launched its second infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), with seed commitments from initial investors of more than €448.4 million.