Real estate debt funds – where are they now?

For several years now, the market has seen the emergence and then continued growth of real estate debt funds in Europe. This was a space first occupied by niche players who identified a lending gap in the market but is increasingly occupied by those more usually seen as equity investors who are looking to diversify their real estate profile. What part do debt funds play in today’s real estate finance arena? While always a large presence in the US market, real estate debt funds traditionally had a much lower profile in European real estate lending. The global financial crisis changed