Cairn Capital targets €750m for debut debt fund

The alternative investment firm has launched a real estate debt fund with a flexible mandate with €50m in seed capital from its majority owner, Italian lender Mediobanca.

Cairn Capital has launched its first European real estate debt fund with €50 million of seed capital from majority owner Mediobanca and an eventual target of €750 million, reported PDI sister title REC

The open-ended Cairn European Commercial Mortgage Fund will invest across the debt capital structure in listed or unlisted and rated or unrated commercial mortgage securities, of either investment or non-investment grade.

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