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Pension funds have committed $935bn to managers in the first half of this year.
Negative leverage is becoming more pervasive – but it is also providing borrowers with a lifeline for a brighter day.
Criterion Group and Columbia Pacific Advisors will use the funding for a portfolio of last-mile logistics centers across 9 states.
US bank lenders will face stricter capital requirements with proposed regulatory changes.
The Boston-based manager looks to focus on this area of the market through its Taurus Capital Solutions platform.
The Los Angeles-based manager raised an aggregate $500m for its funds targeting the strategy in the second quarter of 2023.
Fixed-rate loans have increased in popularity following months of market volatility.
Borrowers and lenders alike are keeping an eye on rising levels of distress, while the industry faces roughly $1.3trn of loans slated for maturity over the next three years.
Identifying problem loans early means the potential for better resolutions, says Trimont’s Amber Sefert.
New York City industrial development agency tax incentives rounded out the financing on East End Studios campus.