Edmond de Rothschild Real Estate Investment Management (EdR REIM) has significantly exceeded the €300 million of investor capital it set itself as a target for its new panEuropean real estate debt platform. Not only has it raised more than €170 million for its pan-European High Yield Real Estate Debt Fund I upon final close in December 2022, but has a further €180 million via a separate fund dedicated to one German institutional investor taking the total capital raised for its European real estate debt strategies to more than €350 million since inception. The firm has also just signed its first loan investment in the UK by providing a €40 million whole loan financing through both fund vehicles to refinance and redevelop a logistic asset in London. Its High Yield Real Estate Debt Fund I is around 70% invested with six deals closed in Germany, Netherlands, France, Italy and the UK. Typically, in private equity real estate, a new fund will be launched once around 75% is reached.
Source: https://propertyeu.info/Nieuws/Edmond-de-Rothschild-exceeds-300m-target-for-first-debt-platform/703c8461-c32c-4f9b-8482-34e1b672f080, on 23.02.2023