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 (non-binding) 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 Debt

    • Explore all funds

    Access key fund documentation and performance reports.

    View Fund Centre

    Need more information?

    For further information, please contact our investment sales team.

    Contact us

    Explore our real assets range

    Real estate

    Outcome-oriented solutions in real estate, through strategies that span the risk spectrum, from lower-risk options generating long-term income to more opportunistic investments.

    Find out more  about Real estate

    Infrastructure

    Our deep market access allows us to source high-quality projects, delivered through a range of senior debt opportunities or via the acquisition of assets. We focus on stable, long-term income generation and efficient execution.

    Find out more  about Infrastructure

    Private debt

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

    Find out more  about Private debt

    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.

    Find out more  about Outcome focused

    Sustainable real assets in the spotlight

    Just when we thought things were returning to normal after the social, economic and market upheaval caused by the pandemic, the events of 2022 presented new challenges for investors. It was in that context in late 2022 that we took the pulse of key investment decision makers at 500 institutional investors representing a combined $3.5 trillion of assets on their appetite for real assets, including those with a sustainable focus. Read the results in our Real Assets Study 2023.

     

    Find out more

    Real assets views