AEW Europe and Natixis Asset Management have launched a new real estate debt fund*: Senior European Loan Fund II1 (SELF II)
Following its launch in March, SELF II has completed a first closing raising €162 million. SELF II is being marketed only to institutional investors2 and the target equity raising is €750 million.
SELF II will benefit from the combined real estate and credit expertise of AEW Europe and Natixis Asset Management. The fund will invest in senior3 real estate loans supported by core office, retail, logistics and hotel assets located in the main European markets.
Cyril Hoyaux, Head of AEW Europe’s European Debt Platform commented: “The combined strength of AEW Europe and Natixis Asset Management as well as our pan-European investment strategy allow us to source the best market opportunities for SELF II. The first two transactions demonstrate our ability to seize opportunities whilst maintaining a selective and focused investment approach”
Arnaud Heck, Head of Real Estate Finance at Natixis Asset Management added: “SELF II demonstrates AEW Europe and Natixis Asset Management’s commitment to this market which is expected to see volumes reaching €150 billion in 20164”
1Senior European Loan Fund II is a sub-fund of the Senior European Loan Fund SCA-SIF, a specialized investment fund under Luxembourg law, managed by AEW Luxembourg. Natixis Asset Management and AEW Europe acts as a consultant with AEW Luxembourg.
2The subscription and acquisition of interests in the Senior European Loan Fund are restricted to certain types of institutional investors who meet the definition of Well Informed Investors as set out in the Luxembourg Law of 13 February 2007 relating to specialized investment funds.
3Senior debt benefits from priority payment and specific guarantees compared to other forms of subordinated debt.
4Source Natixis Asset Management – 31/03/2012.