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The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.
Investors are shifting their focus towards higher returns, higher risk profile strategies.
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.
Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.
Torchlight Debt Fund VII is the largest US real estate debt fund to be closed this year.
With nearly $8bn raised last quarter, open-end vehicles accounted for 90% of real estate capital inflows for Blackstone – and it sees room for further growth.
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, PERE has learned from a source.
New York-based Pretium’s $1.5bn deal is one of the largest GP-led secondaries transactions recorded, as such deals account for a growing share of the market.
Following positive return performances in 2018, family office allocations to the strategy increased by 2.1 percentage points – more than any other asset class.
The New Mexico sovereign wealth fund has invested $242m in the Los Angeles-based manager’s vehicles since 2014.