Debt Funds Universe
This database of debt vehicles includes information on characteristics such as loan strategy, size, domicile, structure and vintage. It does not contain performance information.
Latest highlights
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Allocations to real estate debt keep growing, reaching a record high of €442 billion
- Total target equity for European debt funds included in the INREV Debt Vehicle Universe reached €72.6 billion, representing a €2.6 billion increase compared to last year's report. By number of vehicles, the INREV Debt Vehicle Universe includes 131 vehicles.
- More than 80% of the €72.6 billion total target equity is in closed end structures. In terms of loan type, senior debt remains the most popular, accounting for 60% of the total target equity.
- Hybrid strategy, a combination of loan acquisition and direct lending, remains the preferred loan generation strategy, representing approximately 56% of the total target equity.
- One third of the target equity present in the INREV Debt Funds Universe has a termination date between 2025 and 2031, adding up to €23.9 billion.
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Debt Funds Universe
Published on 21 Oct 2025
The INREV Debt Vehicles Universe publication is designed to provide more transparency and highlight the latest trends in the Global Debt Vehicles market.