Introducing the world’s biggest raisers of private real estate debt capital

Which private real estate strategies have proved most pandemic-proof? Logistics and multifamily, sure; data centers have proven popular, too. But when it comes to placing equity into transactions with notable downside protection, few strategies are beating real estate credit.

Certainly, the investors that pumped up this year’s PERE Real Estate Debt 50 by 20 percent on last year’s aggregate total think so. Indeed, at $189.3 billion, the RED 50 is the biggest it has ever been, proving that property credit strategies continue to command a place in today’s institutional real estate portfolio.

In the past year, more than 44 percent of the total capital raised for real estate debt strategies was for second-placed Blackstone’s $8 billion Blackstone Real Estate Debt Strategies IV alone. Blackstone’s fund was one of 23 raised in the past 12 months, a marked drop on the 40 vehicles raised in the previous year. This is demonstrative of how investors are not clambering for real estate credit strategies generally, so much as they are for real estate credit strategies offered by marquee brands.

To explore PERE’s analysis of the RED 50, including the full ranking and methodology, click on the button below or the stories in the sidebar.