Alantra’s inaugural RE debt fund closing on €140m cap

Madrid-headquartered investment banking and asset management firm Alantra, has reached €132 million in capital commitments in the latest close on its inaugural real estate debt fund.

Due to “significant investor demand”, Alteralia Real Estate Debt has already exceeded its initial €100 million target and is now nearing the hard cap of €140 million.

Alteralia RED, whose investors include a rangde of national and international leading insurance companies, pension funds, banks, family offices, and high-net-worth individuals, will offer loans of between €5 and €20 million on commercial real estate assets in Spain and other European countries.

The fund will lend against assets including offices, retail, hotels, logistics, student residences, PRS and other alternative assets and for a variety of purposes such as acquiring property assets, refinancing existing debt and funding for renovation or repositioning.

” Alteralia RED has already completed one investment and expects to close two more shortly,” said Alantra Private Debt partner Jaime Cano Artero.

Alantra’s direct investments business and strategic partnerships has more than €1.2 billion in private debt AuM.

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