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Madison Realty locks down more than $600m for real estate debt

The firm has received a commitment from the Texas Municipal Retirement System.

Houston pension fund seeks private assets consultant

The $4.2bn pension fund currently allocates 16.4% to alternatives – with only 0.4% of its private equity portfolio assigned to private credit.

Greystar closes on first real estate debt fund

The Charleston, South Carolina-based multifamily real estate firm has raised all of the capital for the vehicle in one close from a single investor.

Building deeper foundations

In the years after the financial crisis, real estate debt funds stepped in to plug gaps left by the banks. But as banks have continued to retreat, private funds have extended their reach. John Bakie reports

Aviva Investors combines debt, real estate and infrastructure businesses

The combined division will look to tap into the growing demand for alternative strategies.

Bain Capital buys €1.5bn of Greek NPLs

The sale by Piraeus Bank is the first major property-backed deal in the country amid pressure from the ECB to bring loan portfolios to the market.

Ostrum and Natixis JV to offer private debt co-investments

The joint venture will see Natixis’ Denis Prouteau join Ostrum.

BC Partners launches real estate unit with industry hire

Stéphane Theuriau joins as managing partner and head of RE following more than eight years at French property developer Altarea Cogedim.

Oaktree surpasses $1.75bn target for second RE debt fund

The alternative asset management behemoth has exceeded its fundraising goal by almost $450m.

ICG-Longbow provides “war chest” for real estate fund

The funding line will help Hillview’s real estate fund target acquisitions in the UK office sector.

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