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Our approach

Established expertise since 1984. Our end-to-end loan platform provides commercial real estate senior debt financing for a wide range of property investors and developers. Our loans use the assets as collateral for security and include strong covenant protection for our investors.

Investors can benefit from sustainable real estate debt solutions thanks to our independent credit and governance framework and environmental, social and governance (ESG) integration. These deliver regular cash flows and diversification benefits when compared to liquid credit.

Benefits

Real estate debt can offer attractive diversification from liquid credit, with underlying asset security.

Cash flow

Helpful for institutional investors with defined cash-flow criteria.

Diversification

Historic performance demonstrates diversification benefits versus liquid market opportunities.

Illiquidity premium

The private nature of the assets and networks needed to access them typically command an illiquidity premium over comparable liquid credits.

Security

High-quality collateral and strong covenant protection contribute to improved recovery rates in the event of default.

Key risks

Investment risk

The value of an investment and any income from it can go down as well as up. Where investments or loans are in other currencies or countries, values can fluctuate in response to changes in exchange rates. Investors may not get back the original amount invested.

Illiquidity risk

Certain assets held could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.

Complexity risk

Counterparties can be diverse, so successful investment requires appropriate credit analysis and the expertise to understand investment risks.

Real estate debt team

Gregor Bamert

Head of Real Estate Finance

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James Tarry

Senior Portfolio Manager, Alternative Income

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Romain Linot

Real Estate Debt European Fund Manager

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Explore our real assets range

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Private debt

We finance bespoke structured finance and senior private corporate debt transactions, providing our investors with outcomes that meet their investment objectives.

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Outcome focused

Our integrated real asset platform allows us to collaborate with our clients to design bespoke multi-asset portfolios that meet a wide variety of long-term investment and return objectives.

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Real Assets Study

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