SCOR announces final close for Real Estate Loans IV

The Paris-based fund manager has confirmed a final close for its fourth senior real estate loan fund.

Fund: SCOR Real Estate Loans IV
Amount raised: €629 million
Stage of fundraising: Final close
Final close: September 2021
Time on the road: One year and nine months
Predecessor fund: SCOR Real Estate Loans III (€550 million)

French asset manager SCOR has raised €629 million for SCOR Real Estate Loans IV, a contact at the firm told Private Debt Investor. Like its predecessor, the fourth-generation fund will finance the renovation, restructuring, repositioning and construction of real estate assets, with a focus on value-add returns in Western Europe. In May, the fund became the first French real estate loan vehicle to adopt a sustainable investment charter with strong non-financial criteria and measurable sustainable investment objectives.