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The firm launched Andover Storage Lending this year in response to banks pulling back from their lending activity. 
A portrait of PGIM Real Estate's John Jacobs transposed on a navy blue-tinted landscape image of Newark, New Jersey.
John Jacobs has been slated to take on senior portfolio manager responsibilities from Steve Bailey, who is retiring at year’s end.
The private credit markets are changing rapidly. Here’s what to look for next.
The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.
There was little movement among the firms occupying the top spots in the PERE Credit 50, demonstrating the difficulty smaller managers can face in scaling their platforms.
Two arrows merging into one
A trend of institutional investors elevating credit-focused executives is a natural and predictable mirror of what is happening with managers.
London UK
Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.
The manager has acquired performing loans from the German bank in a landmark transaction.
The refinancing came as a package of senior loan and mezzanine debt.
The Tampa-based owner-operator raised more than $1bn for Sun Belt-focused multifamily investments.
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