Global investment bank and asset manager Alantra has raised €132m for its European private debt real estate fund.
Alantra said the amount raised for Alteralia Real Estate Debt FIL (Alteralia RED) exceeded the fund’s initial €100m target.
Alteralia RED’s investors include a diverse group of national and international insurance companies, pension funds, banks, family offices, and high-net-worth individuals, the manager said.
The fund will offer loans of between €5 and €20m on commercial real estate assets in Spain and other European countries, including offices, retail, hotels, logistics, student residences, private rented sector or rental residential and other alternative assets.
Jacobo Llanza, CEO of Alantra Asset Management, said the successful fundraising validates the firm’s “proven track record of alternative financing in Iberia, where we are one of the most active private debt firms in the mid-market segment with 28 investments closed since 2015”.
Jaime Cano, partner at Alantra Private Debt, said: “We are pioneers in offering alternative financing in the Spanish real estate mid-market for investors looking for flexible terms at single-digit cost.
“We are convinced that we will successfully deploy the Alteralia RED’s capital and deliver a strong performance with a growing pipeline and the team’s solid track record. Alteralia RED has already completed one investment and expects to close two more shortly.”
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