Daniel Cunningham
The investment manager has raised an initial £140m of investor capital and is targeting £500m for its latest UK lending vehicle.
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The real assets business of the $9trn manager is targeting junior lending opportunities in Western European markets.
The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.
The US private equity firm, which sold its last remaining UK hotels in 2018, has written a £100m-plus loan against a portfolio of Hiltons.
Following his firm's acquisition of the debt manager, the global chief executive sees huge potential in credit strategies as banks retrench from real estate.
The consultancy has hired former JP Morgan and Deutsche Bank real estate banker Birju Shah to lead a combined debt and equity unit.
The manager secured commitments from new and existing participants in its European credit fund series.
Ralf Kind, head of the company’s debt business, says investors are looking for safety by backing lending strategies.
The organisations are among an increasing number of managers choosing the current volatile environment to better establish their European debt businesses.