Asset manager Alantra has reached a €132m (£111.4m) close for its private debt real estate fund, taking the fund past its €100m target.
The fund, Alteralia Real Estate Debt FIL, has attracted investment from insurance companies, pension funds, banks, family offices and high-net-worth individuals.
It will lend between €5m and €20m on European commercial real estate assets including offices, retail, hotels, logistics, student accommodation and PRS.
A new report from trade body INREV, published last week, showed that Europe accounted for a fifth of all capital raised for non-listed real estate debt products last year, up from just 5% in 2019 and a five-year high.
INREV found that 22% of European investors now plan to increase allocations to European products over the next two years, up from 16% in 2020.
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