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GreenOak closes first European debt fund on EUR600 million

GreenOak Real Estate has wrapped up fundraising for its debut European debt fund 100 million above target. The vehicle is already 60 percent deployed through 12 loans in Germany, the Netherlands and Ireland. Its loan size ranges from 5 million 100 million, with borrowers including US and European private equity real estate companies, as well as other kinds of local borrowers. The Europe fund wrap-up follows Julys close for GreenOaks second lending fund focusing on commercial property in the UK, the GreenOak UK Secured Lending Fund II, which corralled £625 million ($833 million; 709.8 million).

PERE News – 13 December 2017