AEW Europe has appointed Cyril Hoyaux as head of debt funds management in Europe ahead of the planned launch of the company's second debt fund.
AEW Europe has appointed Cyril Hoyaux as head of debt funds management in Europe ahead of the planned launch of the company's second debt fund.
Senior European Loan Fund 2 (SELF2) will target an investment capacity of at least €750 mln and will seek to finance senior loan transactions mainly across France, the UK and Germany in office, retail, multifamily and logistics assets.
AEW Europe launched its debt platform in 2012 and raised €323 mln of equity for its first fund, SELF, which recently completed its investment programme having invested in several high-quality real estate financings in France, the UK and elsewhere in Europe.
Hoyaux has been active in real estate and debt financing throughout his 25-year career. He joins AEW Europe from JLL France where he was co-director and co-founder of its debt advisory platform.
Prior to this he was at Morgan Stanley where he was responsible for helping source and structure in excess of €4 bn of real estate financing transactions, as well as their ultimate distribution through CMBS or syndication. He also spent five years as head of the valuation division of Ad Valorem.
He will be based in Paris and report to Raphaël Brault, head of separate accounts and funds.
'We have strong ambitions for our real estate debt platform in Europe in which investors continue to show a high level of interest,' commented AEW's Brault.
Rob Wilkinson, CEO of AEW Europe added: 'Having recently completed the investment programme for our first debt fund we are now focused on continuing our strategy of expanding our debt platform through the launch of SELF2. There is still a clear appetite from our investor clients and contacts to invest in real estate debt, attracted by the yields available, particularly when compared to those from other forms of credit such as corporate bonds and gilts.'
