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How lenders are responding to the US ‘retail apocalypse’

Although traditional debt providers have become more cautious about the stateside shopping sector, newer lenders are looking for opportunities. By Michelle Phillips
chasing risk peak

Institutions chasing risk at the peak of the cycle

A key concern for institutional investors in 2019 is abundant capital in real estate driving down returns and adding more risk, according to the global placement advisory firm Probitas Partners.

Basis Investment Group closes first fund on $410m – Exclusive

The New York-based firm will target a variety of debt strategies with the oversubscribed vehicle.

POBA re-ups with CalSTRS amid push towards more RE partnerships

A year after making its first investment via joint venture partnerships in the US, the Korean pension is on the lookout for more co-investment deals in both the US and Japan.

Barings BDC, South Carolina launch real estate, corporate credit JV

The partnership will see a geographic mix across the US and Europe, which will let BBDC access investments with different levels of yield.

AEW and Ostrum target €700m for third senior debt fund – Exclusive

Fund will follow the same strategy as the joint venture’s second vehicle, with the aim of building a diversified pan-European portfolio of loans across real estate asset classes.

Warburg’s entrepreneur bets extend to real estate

Warburg Pincus is using ‘entrepreneurs-in-residence’ to find investments. After the first such hire for Asian real estate, Arshiya Khullar speaks to its executives about the scheme

Howard Marks: ‘deals like this don’t grow on trees’

Oaktree Capital Management wasn’t looking for a partner when Brookfield Asset Management approached it about a deal. Founder Howard Marks talks Isobel Markham and Andrew Hedlund through the transaction, and what lies ahead for private markets

Why Round Hill sees an opportunity in UK residential debt

The real estate investor has backed the recently launched Hilltop, which aims to lend £125m to SME developers over the next 12 months.

SAREB risks losing momentum by abandoning NPL sales altogether

Spain’s ‘bad bank’ will not put large portfolios of toxic assets up for sale, despite high demand from investors. This refusal might be unnecessary.
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