GreenOak has raised €600m (£529m) for its GreenOak Europe Secured Lending Fund – bringing total funding to European real estate debt strategies to $1.5bn (£1.12bn).
The fund, which had a target of €500m, provides loans of up to 75% LTV, ranging in size from €5m to €100m.
It is already 60% deployed across 12 loans secured by 60 properties in Germany, the Netherlands and Ireland.
In July, GreenOak closed its second lending fund focusing on commercial property in the UK, raising £625m for GreenOak UK Secured Lending Fund II.
John Carrafiell, founding partner at GreenOak, said: “The breadth of investors in the two funds demonstrates the strength of GreenOak’s global platform and European presence, and the team’s lending track record, with insurance and pension fund investors originating from the UK, continental Europe – such as Germany and Switzerland – Asia, the Middle East and Australia.”
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