Alantra’s real estate debt fund closes above target

Alantra has closed its private debt real estate fund, Alteralia Real Estate Debt FIL (Alteralia RED) above its €100 million ($115 million) target, raising €132 million ($153 million) in capital commitments.

The investor base consisted of a diverse group of national and international insurance companies, pension funds, banks, family offices and high-net-worth individuals.

Alantra said the fund will offer loans of between €5 million and €20 million ($5.7 million and $23 million) on commercial real estate assets in Spain and other European countries, including offices, retail, hotels, logistics, student residences, private rented sector or rental residential, and other alternative assets. These loans may be used for different purposes such as acquiring real estate assets, refinancing existing debt, funding for renovation or repositioning works.

According to Jaime Cano, partner at Alantra Private Debt, the fund has already completed one investment and expect