The Abu Dhabi Investment Authority (ADIA) has made a $400m (€367.6m) commitment to Arrow Global Group Capital Management’s European real estate lending strategy.
Arrow Global said ADIA’s latest commitment, which is being done via the UAE sovereign wealth fund’s subsidiary, expands the relationship between the two entities, building on an existing partnership where an ADIA subsidiary is already an investor in Arrow Global’s opportunistic credit strategy.
Mohamed Al Qubaisi, an executive director of the real estate department at ADIA, said: “Arrow Global’s European real estate lending strategy is well-aligned with the market’s shift toward more flexible and reliable real estate financing solutions, and Arrow’s strong track record makes it an attractive investment opportunity.”
Zachary Lewy, founder, CEO and CIO of Arrow Global, said: “This agreement with ADIA to commit to our flagship European real estate lending strategy comes at an ideal moment for living-sector assets.
“In a market that is looking to private credit lenders for capital, this is a prime opportunity to provide senior secured capital to borrowers delivering high-quality, liquid assets that are in short supply and high demand.”
The real estate lending strategy provides “flexible financing solutions tailored to investors and developers backed by quality-living real estate assets,” Arrow Global said.
Arrow owns 22 leading platform capabilities across Europe including Maslow Capital and has €95bn in servicing assets under management.
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