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The Toronto-based manager’s fundraise comes alongside its $2.3bn purchase of Annaly Capital’s real-estate loan portfolio.
Frankfurt
The Frankfurt-based manager says more caution among banks during the pandemic has created opportunities for subordinated lenders.
Euros
The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.
Hanno Kowalski, managing partner of the Berlin-based debt provider, says demand for junior loans against core assets means mezzanine lenders, and their investors, are taking less risk.
The French manager will add high-yield lending to its repertoire as it aims to double its credit assets under management.
Rising
Hoong Wey Woon, partner with financial services firm Alantra, says real estate lenders are getting creative as they strive to invest the large amounts of capital they have raised.
The deal expands ICG’s presence in Australia and will see a new fund launched later this year.
Affiliate title PERE’s annual ranking shows covid-19 has proven to be no obstacle for real estate debt.
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