The private real estate debt market remains one of the fastest-growing segments within the European real estate industry, having more than doubled its size since 2016. The coverage of the INREV debt funds universe has increased from 50 funds with a target equity of €30.4 billion in 2016 to a more representative market including 123 investment vehicles with a targeted equity of €69.8 billion in October 2024.
Key highlights:
- 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.
View detailed analysis via the INREV Debt Funds Universe or download the PDF and Excel below.
Debt Vehicles Universe
Last updated on 22 Oct 2024
The INREV Debt Vehicles Universe publication is designed to provide more transparency and highlight the latest trends in the Global Debt Vehicles market.