Fiera Real Estate hires Cheyne duo to lead European debt strategy

Fiera Real Estate UK Limited (FRE), an affiliate of global investment manager Fiera Capital Corporation, has hired Richard Howe and David Renshaw from Cheyne Capital to set up and run a pan-European real estate debt strategy.  The new investment platform has secured £250 million (€288 million/$284 million) in seed commitments and is expected to launch in the first quarter of 2023.

The key driver behind the launch of this strategy is to broaden the product offerings available to FRE’s investors by giving them the ability to take advantage of the growing funding gap in European real estate private credit.

The new management team boasts a significant track record of lending into the European real estate market across multiple asset classes and legal jurisdictions. This solid experience coupled with their deep network will offer investors the opportunity to secure compelling risk-adjusted returns at conservative leverage positions within the overall capital structure