AEW and Natixis Asset Management have completed a second close on the Senior European Loan Fund II, bringing its investment capacity to more than €400m (£340m).
The pan-European debt fund is expected to have a third close in the first half of the year with a total target of €750m.
It has so far secured three investments in France, Germany and Italy totalling €75m, with another €100m of deals underway.
Cyril Hoyaux, head of European debt platform at AEW Europe, said: “This new closing illustrates the attractiveness of our pan-European investment strategy, which allows us to actively select opportunities in the most dynamic real estate markets, enabling us to offer our clients the best risk-adjusted returns.”
AEW and Natixis have raised nearly €1bn for their joint debt platforms.
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