Fundraising - MARCH 24, 2016

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Cheyne Capital holds $770m final close of third real estate debt fund

by Zoë Wolff

Cheyne Capital Management has held a final close of $770 million for Cheyne Real Estate Credit Holdings Fund III, according to a statement. The fund exceeded its $650 million fundraising target.

The fund invests in core European real estate debt opportunities including CMBS, senior loans, mezzanine loans, equity and special situations. 

“We have known for a long time that there are ample opportunities in European real estate lending, and the closure and oversubscription of our third fund focused on this sector is continued proof that it remains ripe for investing. We plan to launch a fourth fund later this year,” says Ravi Stickney, partner and head of real estate for Cheyne Capital.

The first fund in the series launched in 2011, with the second fund, CRECH II, launching last year.


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