CPP Investments partners with Acofi Gestion for French debt investments
Canada Pension Plan Investment Board (CPP Investments), through its real assets credit (RAC) investment group, and Acofi Gestion have confirmed a business partnership to invest in middle-market real estate credit opportunities across France. CPP Investments has committed €185 million ($222 million) to this investment strategy.
The venture will be advised by Acofi Gestion and will provide borrowers with a suite of debt financing solutions, targeting medium-sized whole loans and mezzanine loans to support commercial real estate in France. The partnership will invest in higher leverage, middle-market financings against stabilized, transitional and development assets that are not currently supported by mainstream lenders and will pursue an investment strategy that is diversified in terms of instrument, asset class and geography.
“With France as one of the largest commercial real estate markets in Europe, we have identified a clear shortage of local, flexible and struct