Debt Funds Universe

Positive momentum for European non-listed real estate debt continues unabated

• Favourable market conditions have pushed the total target equity for European non-listed real estate debt funds to a record €70 billion. This is more than double its size in 2016 (€30.5 billion). The number of funds included in the INREV Debt Vehicles Universe also reached a new high of 123.
• More than 80% of the €70 billion total target equity is in closed end structures. In terms of loan strategy, senior debt is most popular, accounting for 63% of the total target equity.
• The majority of non-listed debt exposure is acquired through a mix of direct lending and loan acquisition, making up more than 55% of the total target equity.
• Funds with vintages between 2015 and 2022 represent 86% of the capital coming to the market in the next seven years. Contact research@inrev.org if you have a debt fund and would like to be part of the Universe.