London-based fund Omni Partners has announced the first $45m (£29.52m) close of it second debt fund.
Omni Secured Lending Fund II has a target of $250m (£164m) for its final close later this year.
The second fund comes after Omni’s first debt fund returned 10.4% in its first 12 months.
Both funds will lend at a maximum LTV of 70% in the short-term whole-loan lending markets.
The fund will look at both commercial and residential mortgages and will originate through the Amicus platform, an affiliate operation of Omni set up by Omni founder Steve Clark.
