BentallGreenOak, the global real estate investment firm, is celebrating beating its target for its third UK Secured Lending Fund, with a total of £1.433 bn (€1.6 bn) of commitments from over 25 global institutional investors.
The total has beaten the initial target of £1 bn, making it one of the largest European fundraises for a debt strategy entirely focused on the UK.
‘We are delighted to see such support for our latest debt strategy,’ said Jim Blakemore, managing partner and global head of debt.
‘Given the current challenging market environment, the demand for debt solutions will increase and it will be more important than ever to work with experienced lenders who are capable of navigating the volatility,' he said.
This is BentallGreenOak’s third fund for UK Secured Lending and the sixth fund in the firm’s broader European debt strategy, which has invested almost $5 bn to date.
‘Non-bank lenders such as ourselves have been well positioned to thrive in the post-pandemic world,’ added Manja Stueck, also a managing partner.
The direct lending strategy includes office, logistics, and multi-family residential property focusing on the mid-market but has the ability to provide large-cap loans.
