Schroders Capital is seeking to raise £1 billion ($1.3 billion) for its real estate debt platform in 2022, according to various news sources.
The firm already has closed on £100 million ($132 million) for its U.K. Senior Loan fund, with commitments from U.K. pension schemes and local authorities. The fund will originate loans of between £15 million ($20 million) and £100 million ($132 million) across all real estate sectors.
The £1 billion ($1.3 billion) target will cover three separate lending strategies: separate U.K. and Continental European senior-loan funds, and a high-yield fund.
IREI understands Schroders is close to completing its first two lending transactions for the U.K. Senior Loan Fund pertaining to one retail asset and other longer-leased assets.
