Edmond de Rothschild Real Estate Investment Management (REIM) is planning a first close of its new real estate debt fund, the Edmond de Rothschild Real Estate Debt – European High Yield I, by the end of the year.
The fund began marketing to investors in January and is seeking to raise €300 million ($355 million). It will follow a core and core-plus investment style.
A spokesperson for the firm said the new vehicle will invest in mezzanine real estate debt in the United Kingdom. It will have a mixed loan portfolio; direct origination (whole loans, mezzanine and preferred equity) in Western Europe, with a focus on countries where the Edmond de Rothschild REIM has a direct presence, including Benelux, France, Germany, the United Kingdom and Switzerland.
Edmond de Rothschild REIM’s real estate debt team is run by Ralf Kind and is based in Frankfurt, Germany. This team is part of a pan-European real estate platform consisting of more than 130 staff in seven Eur
