alternative lenders

The former Torchlight Investors partner has joined the real estate debt specialist as senior managing director and co-head of capital raising.

The New York-based alternative asset manager, formerly known as Och-Ziff Capital Management, beat the target for its latest property vehicle by nearly $1bn.

The economic fallout from covid-19 has stoked fears of a liquidity crisis in US commercial property lending.

Capital providers and their managers are seeking fresh pockets of value as fundraising in the sector dips.

The Colony Capital boss says the US property loan market is on the brink. Lenders in Europe should take note.

The Chicago-based manager’s latest real estate debt fund carries the same strategy as its predecessor, but the lower return targets are a function of the late cycle, sister title PERE has learned from a source.

Erik Savi’s exit is accelerating the combination of infrastructure and real estate debt into a single platform, a plan that was already in the works.

The New Mexico sovereign wealth fund has invested $242m in the Los Angeles-based manager’s vehicles since 2014.