Senior European Loan Fund II achieves second close at over €400 million
As part of their partnership and after a first €162 million close in 2016, AEW and Natixis Asset Management finalized a second capital raising transaction on January 26 for real estate loan fund Senior European Loan Fund II1 with French and international investors, bringing its investment capacity to over €400 million. A third close is planned soon with a target to reach total commitments of €750 million.
Senior European Loan Fund II, exclusively aimed at institutional investors2, has secured three investments in France, Germany and Italy totaling €75 million, while four additional transactions amounting to €100 million are under way, which would bring total investments to 44% of the total funds raised.
AEW and Natixis Asset Management are set to reinforce their dedicated real estate debt fund team, co-managed by Arnaud Heck at Natixis Asset Management and Cyril Hoyaux at AEW, as a result of growth in this joint business.
SELF II draws on AEW Europe’s real estate expertise and Natixis Asset Management’s credit experience. The fund will invest in senior3 real estate debt on core assets such as offices, retail businesses, logistics operations and hotels, located in the main European markets.
Arnaud Heck, Head of Real Estate Finance at Natixis Asset Management commented: “The strengthening of our team as part of the partnership set up in 2012, aims at accelerating our investment capacity. We look forward to further developing our joint debt platform in response to investors’ growing appetite for real estate debt.”
Cyril Hoyaux Head of the European Debt Platform at AEW Europe added: “We are pleased with the progress made since the launch of SELF II in 2016. This new closing illustrates the attractiveness of our pan-European investment strategy, which allows us to actively select opportunities in the most dynamic real estate markets, enabling us to offer our clients the best risk adjusted returns. This second closing will bring the total funds raised by our common debt platform to close to
1 Senior 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 act as consultants with AEW Luxembourg.
2 The 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.
3 Senior debt benefits from priority payment and specific guarantees compared to other forms of subordinated debt.
AEW – Limited Liability Company with share capital of €28,376 ,400. Financial Investment Advisor, registered on Orias Insurance register No. 13000211. Registered on the SIREN business register No. 409.039.914 and registered on the Paris Registry of companies (Registre du Commerce et des Sociétés de Paris). Registered office: 8-12, rue des Pirogues de Bercy, 75012 Paris.
Natixis Asset Management – Asset management company regulated by AMF under
n° GP 90-009 – Limited Liability Company with share capital of €50,434,604.76 – RCS Number Paris 329 450 738 – Registered Office: 21 quai d’Austerlitz,