Alternative asset manager Cheyne Capital Management has successfully reached its capacity limit of £600 million ($800 million) for Cheyne Real Estate Credit Fund V – Opportunistic (CRECH V), bringing the net assets of Cheyne’s Real Estate group to £2.3 billion ($3 billion).
“European real estate debt markets continue to be structurally inefficient. Regulatory pressures have reduced the lending volume and risk appetite of European banks, creating a sustained demand for nonbank lending,” said Jonathan Lourie, CEO and founder of Cheyne Capital. “At Cheyne, we seek to uncover attractive investment opportunities presented by dislocations and to identify the best ways of delivering their value to investors.”
CRECH V is the fifth fund in Cheyne’s real estate direct lending strategy, which launched in 2011 following on from the firm
