Arrow Global has secured €1.5bn (€1.3bn) in capital commitments for its European real estate lending strategy.
The fund manager said the amount raised for Arrow Lending Opportunities Fund I at close exceeded its original target of €1bn.
The fund attracted commitments from public and private pension funds, insurance companies, sovereign wealth funds and endowments across Europe, North America and Asia.
“This demand reflects growing investor conviction in Arrow’s disciplined investment approach, its proven ability to source opportunities through a deep local presence and its differentiated track record in European private credit and real estate,” Arrow Global said.
As previously reported, the Abu Dhabi Investment Authority made a $400m commitment.
Zach Lewy, founder, group CEO and CIO of Arrow Global, said: “As traditional lenders continue to retreat, private credit plays an increasingly central role in financing Europe’s real estate and credit markets. We are well positioned to capitalise on these opportunities and to deliver compelling, risk-adjusted returns for our investors, who we view as long-term partners in our strategy.
“Our structural advantage across Europe’s asset-backed mid market, combined with proven granular execution capability, gives us access to opportunities typically out of reach, and our investors are the ultimate beneficiaries of that differentiated position.”
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