European Debt Funds on an upward path
The Asset class will need to keep evolving
Ever since the Global Financial Crisis, ‘alternative’ lenders’ share of European real estate debt has risen relative to that of banks. This trend, which mirrored developments in the US a decade earlier, shows no signs of slowing down. Indeed, the latest INREV Debt Vehicles Universe report not only reveals that these funds have reached their greatest extent yet – 98 vehicles with a target equity totalling €60.3billion – but also that this figure has doubled over the last seven years.