France-based La Banque Postale Asset Management (LBPAM) has launched a European real estate debt fund, targeting €400 million ($448 million) in equity.
The fund, which will focus on senior secured debt, covering both traditional and diversified real estate markets in the euro zone, has already raised €200 million ($224 million) in capital commitments.
A first closing of this fund is planned for third quarter 2019.
LBPAM has €229 billion ($256 billion) assets under management.
