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Fundraising - AUGUST 3, 2015

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AXA Real Estate holds €2.9b final close

by Andrea Waitrovich

AXA Real Estate Investment Managers has announced the final close of Commercial Real Estate Senior 9, its most recent pan-European real estate debt fund.

The fund has raised €2.9 billion ($3.2 billion), making it one of the largest commercial real estate senior loan funds in Europe. AXA Real Estate has also been awarded a separate £350 million ($546 million) commercial real estate debt investment mandate from a major U.K. pension fund, which brings its total real estate debt platform to €11.3 billion, of which €1.8 billion ($2 billion) was raised in the past six months and €9 billion ($10 billion) has been invested already.

CRE9 is AXA Real Estate’s most recent commingled real estate debt fund for European institutional investors and the first to incorporate a German feeder fund issuing rated notes to German regulated institutional investors with €350 million ($384 million) as part of the final close.

CRE

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