debt funds

A trend of institutional investors elevating credit-focused executives is a natural and predictable mirror of what is happening with managers.

Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.

West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.

The data-driven manager deployed the capital via its Origin Strategic Credit Fund.

The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.

The manager will be looking to originate its own loans, pursue securitized deals and acquire loans from traditional lenders as part of its real estate debt roadmap.

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.

A growing number of commercial real estate managers have launched or expanded their lending platforms over the past three to six months.

Partners is targeting $500m of initial investments with the door open for more capital commitments to Trinity on the table.

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.