Fundraising - NOVEMBER 24, 2021

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Octopus Real Estate exceeds target with €550m fundraise

by Andrea Zander

Octopus Real Estate, part of Octopus Group and a U.K. specialist real estate lender and investor, has raised £462 million (€550 million/$616 million) for its third commercial real estate debt fund (the Fund), exceeding its £450 million initial target.

Commercial Real Estate Debt Fund III (CREDF III), in line with the existing CREDF I, CREDF-S and CREDF II strategies, is focused on originating short-term loans secured against U.K. commercial property. The Fund has raised investment from pension funds and insurers across the United Kingdom and Europe.

The largest of Octopus’ commercial real estate debt funds to date, CREDF III doubled the capital raise of CREDF II, which attracted £231 million (€275 million/$308 million). The Fund has a hard cap of £500 million (€595 million/$667 million).

The Fund is planning to lend more than £1 billion (€1.2 billion/$1.3 billion) in the next three years. Through a bottom-up approach, the team assesses commercial

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