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Transaction volume for full year hits all-time high, rising 88% to nearly $809 billion.
The fourth capital opportunities fund has already made 12 investments and commitments, focusing on tech and healthcare.
The New York firm has raised the largest dedicated US real estate debt vehicle since the beginning of the pandemic.
The firm expects to close one or two more deals before year end.
The Toronto-based firm has attracted $4bn in commitments from more than 50 investors for Brookfield Real Estate Finance Fund VI, twice as much as the second-biggest debt fund.
About 90% of Penfund’s deals involve mid-market companies backed by sponsors like Leonard Green & Partners, Hellman & Friedman, Genstar Capital and OMERS Private Equity.
The oversubscribed fund nearly doubled its initial target of $4.5bn.
The acquisition of LBC will allow CIFC to diversify its multi-strategy credit offerings.
Borrowers are tapping into ample liquidity for acquisitions and developments while lenders are being adequately compensated for risk.
A Gapstow report cites opportunistic allocations after the ‘dramatic’ sell-off in March 2020 and predicts interest to continue.

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