Laxfield launches £500m U.K. debt fund

The Laxfield Group, a London-based specialist real estate debt investment management firm, has expanded its lending arm by launching a discretionary real estate debt fund with £500 million ($704 million) of commitments, backed by institutional capital.

Laxfield will target individual loans of up to £100 million ($140 million) and is seeded by £250 million ($352 million) of loans already written.

“Laxfield builds on a very active past two years,” said Adam Slater, managing director. “The market has responded to our fast decision making, flexible structuring and highly professional execution. The vehicle allows us to streamline this further and expand the product. Our investors currently see good value in the U.K. CRE debt market, and we have a flexible structure which will allow us to upsize if the market opportunity remains strong.”

Laxfield lends against income-producing, transitionary and light development assets in good locations throughout the Un