Spain-headquartered global investment firm Alantra continues expanding its offering of private debt investment vehicles with the launch of a real estate debt fund investing in commercial real estate across Europe.
Alteralia Real Estate Debt Fund has been registered in the Spanish National Securities Market Commission (CNMV) and seeks to reach a size of between €100 to €150m.
The fund, classified as a fixed income strategy in euro denominated, will invest in the private debt of companies whose core business activity is related to the exploitation of real estate assets with the aim to financing their debt as well the acquisition and refurbishment of their commercial properties.
The vehicle will invest in senior and subordinated debt lending across a range of different property types, including office, retail, hotels, logistics, student and elderly accommodation.
It will be managed by Alantra Asset Management, supported by an adviser that will be identifying the potential companies to finance.