The firm which has hired two executives from Cheyne Capital to lead the business, sees opportunities arising from ‘a wall of refinancing’. Fiera Real Estate has launched a pan-European debt business, which will be led by two executives from London-based manager Cheyne Capital, Richard Howe and David Renshaw. The platform, Fiera Real Estate Debt (Europe), has already secured £250 million ($285 million; €290 million) in seed commitments.
The real estate arm of asset management firm Fiera Capital expects to close on its first real estate debt deal in Europe early 2023. The platform will be sector agnostic and focus on senior secured debt opportunities, initially in the UK and then select markets in continental Europe, according to Renshaw. The business will target well-capitalized sponsors with a long track record in a particular sector and underlying properties that are developmental or transitional assets.
Source: fierarealestate on the 18th of October 2022
https://www.fierarealestate.co.uk/news/fiera-real-estate-establishes-european-debt-platform/