Cheyne to raise £7.5 billion for European real estate debt strategies
Cheyne Capital is planning to raise £7.5 billion (€8.6 billion) for two European real estate debt funds to capitalize on high interest rates and a retreat from bank lenders. The global alternative investment manager, through its Cheyne Real Estate Credit Holdings (CRECH) program, is seeking to raise £5 billion for its eighth Senior Loan strategy and a £2.5 billion hard cap for its ninth Capital Solutions strategy to target senior lending and recapitalization investments. The Senior Loan strategy will focus...