More than €4.6bn was raised for European-focused debt funds in the first half of this year, according to Preqin. “The continued strong fundraising suggests that institutional investors still believe there are plenty of opportunities,” says Preqin head of real assets products, Andrew Moylan. “But it’s certainly becoming tougher to put capital to work.”
With 40 debt funds now active in the European market, there is little sign of waning appetite. Preqin estimates that a further 14 are being marketed, with a combined target of €8.7bn.
Partners Group recently said it raised $700m (€621m) for a multi-asset credit strategy, including infrastructure and real estate debt. The investment manager said it was the first pooled programme to offer access to both private real assets and corporate debt. The vehicle was created after the firm invested in a similar strategy for individual mandates.
Source: IPE Real Estate