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 July’s close for GreenOak’s 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