lenders

PGIM Real Estate wants to further scale its lending platform. But the firm does not want to be all things to all borrowers.

The New York-based alternative investment manager picks up more real estate debt and equity capabilities as part of $450m deal. 

When there is a dearth of capital for a sector, that could signal a time to look at the asset class more closely, said Peter Gordon, head of US commercial real estate debt.

Five executives at the California-based investment manager have assumed new roles as two other professionals have left the firm.

The sponsors passed another milestone after acquiring the landmark hotel in a record transaction. 

The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.

The co-architect of the Toronto-based manager’s real estate credit platform, Andrea Balkan, is departing after 22 years with the firm.

Barings is taking a measured approach as the commercial real estate market takes the first steps toward a recovery.  

The firm launched Andover Storage Lending this year in response to banks pulling back from their lending activity. 

The private credit markets are changing rapidly. Here’s what to look for next.