EXCLUSIVE: AEW Europe plans €750m debt fund launch

The Paris-based private real estate investment firm has also hired Cyril Hoyaux as head of debt funds in Europe prior to the launch of the firm's second debt fund.

AEW Europe, the Paris-based private real estate investment firm, has appointed Cyril Hoyaux as head of debt funds management ahead of the launch of a €750 million debt fund.

The firm is seeking to significantly expand its real estate debt platform with the appointment of Hoyaux and the setting-up of its second debt fund, Senior European Loan Fund 2 (SELF2). SELF2 will target €750 million and seek to finance senior loan transactions mainly across France, the UK and Germany in office, retail, multifamily and logistic assets.

AEW Europe established its debt platform back in 2012, raising €323 million for its debut fund, which recently completed its investment program.

“There is still a clear appetite from our investor clients and contacts to invest in real estate debt, attracted by the yields available, particularly when compared to those from other forms of credit such as corporate bonds and gilts,” commented Rob Wilkinson, chief executive of AEW Europe.

Hoyaux joins AEW Europe from JLL France where he was co-director and co-founder of its Debt Advisory platform, which he helped establish to assist investors in achieving their debt financing requirements.

Prior to this, Hoyaux was at Morgan Stanley where he was responsible for sourcing and structuring in excess of €4 billion of real estate financing transactions. He will be based in Paris and will report to Raphaël Brault, head of separate accounts and funds at AEW Europe.