Goldman Sachs’ merchant bank has closed its largest global real estate credit fund, raising $6.7bn. The bank’s Jim Garman and Richard Spencer explain the advantages that come with size.
The firm enters property lending as it aims to exploit the ‘attractive’ alternative the asset class offers to direct equity investment.
The Italian insurer is planning to open the platform to third-party investors and raise an additional €500m over the next two years.
Henderson Park’s Nick Weber is targeting value-add opportunities in a late-cycle market. Europe’s wall of debt maturities is helping to create them.
Given a family office’s access to long-dated capital, real estate investments seem like a good fit. But management fees continue to be an area of contention.
Australia’s largest superannuation fund, has entered the European real estate lending market. Real Estate Capital finds out about its plans.
The Los Angeles, California-based firm is now preparing to launch its Oaktree Real Estate Opportunity Fund VIII in 2019.
The survey, compiled by sister title Private Debt Investor, provides insights into CRE debt from a wide range of investors.
The latest figures compiled by our data team show there are 27 Europe-focused debt funds with known targets above €100m currently fundraising.
The vehicle will primarily lend against PRS and student accommodation assets in Spain and the UK.