The index was at 24.46% in September, versus 24% in August and 23.71 percent in July.
The PERE Credit Lending Barometer tracked 80 loans totaling $14.04bn across September and October.
The Federal Reserve cut rates by 50 basis points in September and another 25 basis points in November, for a target rate of 4.75-5%.
ACORE Credit Partners II alone raised $1.4bn of capital in 2024.
The New York State Teachers’ Retirement System continues to be the top investor in US commercial real estate private credit.
It is likely to be sector- and market-specific.
Bridge lenders are adapting private credit strategies to bridge to the next cycle.
Inside: The wealth channel – managers spy an opportunity for platform expansion; A special report on bridge lending; Expert comment and analysis from industry leaders; Plus much more…
A Mavik Capital bridge loan helped to restart construction on a stalled apartment project.
As banks are pulling back, debt funds are helping sponsors bridge the gap to the next cycle.