Alteralia Real Estate Debt, a new debt fund managed by Alantra, has completed a first close. According to the firm, the debt fund received €30 million ($32 million) in capital commitments and had an investor base consisting of institutional and private banking investors. The fund is targeting total equity commitments of €100 million ($108 million).
Alteralia Real Estate Debt will offer loans of between €5 million ($5.4 million) and €15 million ($16 million) on office, retail, hotel, logistics, student housing and other alternative assets. These loans may be used for a variety of purposes, such as acquiring real estate assets, refinancing existing debt, or funding for renovation or repositioning.
Luis Felipe Castellanos, managing partner at Alantra Private Debt, said the first closing will help carry out two investments that are at an advanced stage.
The firm currently manages around €350 million ($379 million) in its three private debt vehicles and has
