debt funds

The fund’s loans can be non-recourse up to 65 percent, will be held on balance sheet.

The Charleston-based manager’s latest credit opportunities strategy will function as a junior capital partner for the Nashville-based bank’s bridge loan pipeline.

The evolution of the commercial real estate private credit market means fund managers have multiple options for lenders and investors.

The opportunistic debt fund beat its $1bn target and will focus on high-quality office assets in New York City.

Institutional investors are deploying smaller, targeted commitments, with more focus on funds – creating opportunities for specialist managers.

Private debt funds increasingly see opportunities to join forces with banks to expand their lending platforms, according to Justin Pinckney, head of private debt at AEW Capital Management.

The funding will be used by an affiliate of Madison Realty Capital to refinance the 473-unit Greenpoint Central in the asset’s namesake submarket.

Americas head Brad Gries will assume the top job at the Chicago-based manager as incumbent chief executive Mark Gabbay transitions to executive chair. 

The firm exceeded its initial target of $500m at final close and plans to originate senior, floating-rate loans through the strategy.

The firm lined up Hillwood as a lead investment partner en route to its $1bn target and a June 2026 final close.