Debt Funds universe

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*.  

With your help we can significantly expand the INREV Debt Funds Universe

Real estate investment manager LaSalle Investment Management is aiming to raise €1 billion of capital for a fourth mezzanine lending vehicle in its European property debt fund programme. 

The number of funds in the INREV Debt Funds Universe increased to 79 funds, according to the INREV Debt Funds Universe 2019

M&G Investments has provided Urbanest with a £125m (€141.3m) loan to finance the UK student housing group’s development scheme in London.

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

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.

Over half (52.2%) of the vehicles in the Debt Funds Universe have a senior loan strategy, according to the results of the Debt Funds Universe 2018.

To improve your understanding of the current real estate lending market, sign up for the debt financing course on 7 February in Frankfurt.

A debt fund research report has been published by the International School for Real Estate (IREBS), combining data from INREV, De Montfort University (DMU) and IREBS.