The real estate debt fund market has exploded in the past decade, with $301 billion raised, data from affiliate title Real Estate Capital USA shows. Although fundraising has dipped somewhat since the peak of 2017, when 114 funds closed for $43 billion in aggregate, there were a considerable 198 real estate debt vehicles on the road as of 1 January, targeting a combined $51 billion.
The changing face of real estate credit
From a binary choice to a rich seam of sectoral, geographical and risk-orientated opportunities, the real estate credit market has really grown up.
