Fiera launches European real estate debt fund

The fund will be managed by David Renshaw and Richard Howe, who joined Fiera from Cheyne late last year.

Fiera Real Estate UK has launched an open-ended real estate debt fund with £100 million ($125 million; €113 million) of seed commitments.

The fund will invest into senior-secured, investment grade real estate debt loans across Europe with a target IRR of 10 percent or more. It will target multiple real estate sectors, including residential, logistics, offices, leisure assets and hotels.

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