fundraising

The firm reached its hard-cap for BSP Real Estate Opportunistic Debt Fund II with 29 months of time logged fundraising on the road.

There continues to be a structural shortage of housing and an extreme need to renovate existing stock.

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

In the year’s final episode of The PERE Podcast, the team breaks down the defining deals, shifting fundraising dynamics and key market trends of the last 12 months.

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

The bulk of the deployment for Sculptor Real Estate Fund V has come via mezzanine debt and preferred equity investments, indicating how some opportunistic investors are mitigating risk.

The New York-based investment manager exceeded its target by more than 50%.

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

North American private real estate debt fundraising was up roughly $2bn from Q3 of last year.

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