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Debt Funds universe

Record €32 billion raised for global real estate debt vehicles

Debt vehicles deliver robust performance.  Investors and managers target multi-country and senior debt strategies 

17 November 2020, Amsterdam – Non-listed real estate debt products continue to attract attention from institutional investors and investment managers, with a record high of €32 billion raised globally in 2019, according to the INREV Debt Vehicles Universe 2020 study*.  

Azora and Oquendo create EUR300 million real estate financing platform

Azora and Oquendo Capital have joined forces to launch a €300m fund to offer alternative real estate financing in Spain and Portugal.
Azora, a €4.5bn Spanish real estate manager has created the partnership with alternative direct lender Oquendo to promote closed-end investment vehicles to finance projects or companies linked to the real estate segments.
The duo said this strategy will be carried out through the launch of a first fund with an expected size of €300m, as well as though separate accounts.

IPE Real Assets – 06 November 2018

Real estate debt funds still a favoured source of capital

The 2018 INREV Debt Funds Universe report, reveals the continuing strength of real estate debt funds.  The full Universe of 67 vehicles – eight more than last year – recorded a total target gross asset value of €33.0 billion – up from €30.2 billion in 2017. The Universe results reflect investors’ stated appetite for debt funds as highlighted in INREV’s Investment Intentions Survey 2018, which showed that 23.6% of investors planned to increase their allocations to debt funds. Though the increase in the number of debt funds in the Universe is relatively low at 11%, this is likely to increase. The Investment Intentions Survey suggests that interest is likely to come from US investors hunting for opportunities to gain greater exposure to European non-listed real estate.