PERE Credit Staff
The index was at 21.67% in March compared with 21.18% in January.
The funds closed in 2024 so far generally have a diversified focus.
Indiana Public Retirement made a $150m allocation to 400 Capital’s latest debt fund and a $100m investment in Related Fund Management’s Related Real Estate Fund IV Co-Investment Fund.
The implementation of the regulations, colloquially called ‘Basel Endgame,’ means the stage is set for private credit lenders to expand. A key question is how these platforms will solve the issue of capacity.
Welcome to the first issue of PERE Credit. Inside, we interview Brian Kingston, the CEO of Brookfield’s real estate business; analyze the 50 largest debt fundraisers in the market; and discuss the ‘Basel endgame’ with industry leaders; Plus much more…
Blackstone is expanding its commercial real estate lending market share via a $1 billion pbb Deutsche Pfandbriefbank loan portfolio acquisition; RFR and Kushner Companies scored a four-year extension on the $480 million loan backing a Brooklyn mixed-use campus; Deutsche Bank taps into Miami’s momentum with a $120 million refinancing package on the $6 billion Miami Worldcenter development; and more in today’s Term Sheet, exclusively for our valued subscribers.
A trio of bank lenders led by Morgan Stanley prop up Henderson Park's major stateside hospitality purchase from Blackstone; an all-private equity affair sees KKR provide $220 million to refinance a nine-property industrial portfolio owned by Ares affiliate; Northmarq plots a US market expansion following its merger with Morrison Street Capital and consultancy integration; and more in today’s Term Sheet, exclusively for our valued subscribers.