BentallGreenOak has completed the final close of its third U.K. Secured Lending Fund, with £1.433 billion ($1.7 billion) in commitments from more than 25 global institutional investors, making it one of the largest European fundraises for a debt strategy entirely focused on the United Kingdom.
The fund surpassed its initial target of £1 billion ($1.2 billion).
This is the sixth fund in the firm’s broader European Debt strategy, which has invested more than $5 billion to date. The strategy will provide direct lending across a range of real estate asset classes, including office, logistics and multifamily residential property, driven by lending on transitional assets where the loan supports the sponsor’s business plan to create value. It will focus on the mid-market, but also has the ability to provide large-cap loans.
BentallGreenOak said ESG considerations are a major focus and will be integrated throughout the lending process and asset management of the s
