AEW Europe and Natixis Asset Management have raised €400m for their latest real estate debt fund.
The Senior European Loan Fund II, launched in March last year, is aiming for €750m in commitments from institutional investors. A third close is due this year.
The fund will target senior real estate loans supported by core office, retail, logistics and hotel assets in Europe’s main markets.
AEW said the fund had secured three investments in France, Germany and Italy totalling €75m.
A first close of €162m was made in May last year.