LaSalle Investment Management’s UK special situations fund is almost fully invested after pouring £150m into six debt deals since the beginning of the year.
The fund manager says that it has a “robust” pipeline of debt investment opportunities likely to close in the coming months for its UK Special Situations Fund 1, taking the total invested this year to £200m.
Amy Aznar, head of special situations and structured finance, said: “We are able to offer long-term sustainable financing options to owners of real estate and in recent months we have seen a flurry of activity.
“We are very pleased with our investments this year and in particular the high quality of both real estate and sponsorship underpinning our loans.
“We anticipate big opportunities over the next three to five years for specialist debt finance providers with deep real estate platforms and structuring capabilities.”
The fund targets single loan amounts of £10m to £75m over a three- to five-year term.
LIM’s debt strategy, set up in 2010, includes stretch senior and subordinated debt, capital expenditure funding, loan acquisition funding and preferred equity investments.
It raised more than £400m of discretionary capital for junior and mezzanine debt investment in 2010 and 2011.
sophia.furber@estatesgazette.com
