Abu Dhabi Investment Authority (ADIA) has invested an unspecified amount in a South Korean real estate credit fund managed by SC Lowy.

Private debt fund manager SC Lowy said the fund would provide financing to developers, construction companies and domestic financial institutions.

It will focus mainly on senior-secured lending for residential, commercial and logistics projects in major cities.

SooCheon Lee, SC Lowy’s CIO, said: “Our South Korea Private Credit Strategy brings innovative financing solutions to the South Korean real estate market.

“This fund presents an opportunity to address the growing demand for private credit in South Korea’s real estate sector.”

Mohamed Al Qubaisi, executive director of the real estate department at ADIA, said: “Real estate private credit is growing rapidly in South Korea and SC Lowy is one of the country’s leading providers of innovative financing solutions.

“This commitment aligns with our strategy of supporting differentiated private real estate credit platforms alongside partners with established track records and strong market access.”

To read the latest IPE Real Assets magazine click here.

Topics