Andy Thomson
Fundraising value for real estate-focused debt funds had moved past the full-year 2015 total by the end of Q3 2016.
Closed-ended private debt fundraising reached a respectable $67bn by the end of Q3, but last year’s $106bn total will be hard to reach.
Iwoca, a European credit provider to small businesses, has been supported by a group of investors led by Prime Ventures.
Amy Ward has joined as a founding partner from Chenavari Investment Managers. Earlier this week, AlbaCore was on the verge of €1bn backing from PSP.
BNP Paribas Investment Partners, the asset management arm of the French bank, is targeting Europe with its combination of bank lending and fund finance.
The specialist UK lender has established Sirius Private Clients, focusing on residential and CRE financings for high net worth individuals.
.jpg "New fund AlbaCore close to €1bn PSP backing")
Market sources have confirmed a Bloomberg report that David Allen’s venture is on the verge of securing a major commitment.
The French investment firm’s interim closing for its fourth CRE debt fund has reached €420m in commitments with a further €100m possible.
Laurent Benard, managing partner of French fund manager Capzanine, explains why he is happy about the lack of headlines surrounding French private debt.
Regulatory pressure on banks, increasing sophistication within the LP base and a growing appetite for non-bank finance from companies not sponsored by private equity firms are among the reasons why private debt appears to have a promising future. A select group met to discuss the evolution of the asset class.