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The firm raised approximately $1.2bn for CRED III, which is already over 40% deployed.
The Los Angeles-based firm sees the sector as a strong area for growth.
The US national debt is a macroeconomic issue, one that may not touch the lives of commercial real estate lenders and borrowers on a day-to-day basis.
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.
The New York-based manager will focus on large-balance loans through the fund, including bridge and construction deals in the mid-market.
The loan will be used for the first phase of a 380,000-square-foot industrial park in Irvine, California.
The minority-owned emerging manager is raising $500m for a strategy that seeks to keep 'struggling families' in their homes and find 'hidden alpha'.
Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.