AXA Investment Managers - Real Assets, a global leader in real asset investments and the leading real estate portfolio and asset manager in Europe, has held a final close for its 10th commercial real estate senior debt fund, Commercial Real Estate Senior 10 (CRE Senior 10), reaching its capped target of approximately €1.5 billion ($1.8 billion). This fund closing takes AXA IM - Real Assets’ total debt commitments to over €14 billion ($16.7 billion).
“Reaching our 10th debt fund is a milestone achievement and shows the scale of our business together with the commitment of our clients,” said Timothé Rauly, head of funds group at AXA IM - Real Assets.
Over 25 percent (approximately €400 million [$478 million]) of the fund has already been deployed, a quarter of which is through transactions in the United States, with CRE Senior 10 being AXA’s first debt fund to have an initial mandate in the region, with an allocation of up to 25 percent of the total fund
