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Alternative lenders
Omni Partners, the London-based fund manager, has simultaneously announced both the launch and first closing of its third secured lending fund on approximately $60 million.
Non-bank lenders recorded 242 deals in the UK and mainland Europe in the whole of 2015, according to the latest figures from Deloitte’s Alternative Lender Deal Tracker. This represented a 9 percent increase on the 222 deals logged during 2014.
Private real estate debt vehicles raised almost $4.7 billion in the first quarter of this year, according to data from PDI Research & Analytics.
Investment allocations outside the traditional commercial sectors (office, retail, industrial) have been increasing by 25 percent year-on-year on average over the past 15 years, according to a report by real estate advisor Savills. The report also highlights the rise in European residential investment specifically.
A study from Savills shows that allocations into alternative real estate assets have increased by approximately 25 percent year-on-year over the past 15 years.
ICG-Longbow, ICG's real estate debt business expects to exceed last year’s lending volumes after deploying more than £750 million across its funds so far this year.
AEW Europe, the Paris-based private real estate investment firm, has appointed Cyril Hoyaux as head of debt funds management ahead of the launch of a €750m debt fund.
The firm is seeking to significantly expand its real estate debt platform with the appointment of Hoyaux and the setting-up of its second debt fund, Senior European Loan Fund 2 (SELF2).
Indian developer Sobha Group and investment manager RootCorp have launched a new fund targeting real estate assets, development debt and project equity in India.
The India Debt and Yield Opportunities Fund is aiming to raise $300m and will target a return of 20%.
ICG-Longbow’s senior UK debt fund has reported profits after tax of £7.6m for the year ended 31 January 2015, up from £1.4m the previous year.
ICG-Longbow Senior Secured UK Property Debt Investments has invested in 11 loans totalling £104m. Last year it loaned £8m on Ramada Gateshead and £10m on Lanos (York Hotel), completing its initial investment programme.
Aviva Investors real estate multi-manager has invested in TH Real Estate’s debut property debt fund, the UK Enhanced Debt fund.