Zenzic Capital has launched the Zenzic Real Estate Credit Opportunities Fund. The new European opportunistic credit evergreen fund is anchored by funds managed by GCM Grosvenor.
Founded in 2014, Zenzic is a highly specialized manager targeting inefficient and underserved segments of the lower middle European real estate credit market – supporting sponsors and real estate groups via financings across a range of sectors, including residential, industrial and logistics and student accommodation.
The fund, domiciled in Jersey, will target investments comprising a mix of short-duration high yield tactical credits, medium-term positions that finance value creation, and select special situation opportunities.
The firm has carved out a clear competitive advantage over recent years by focusing on a part of the lending market that has been starved of much-needed capital, as traditional bank lenders have retrenched from the sector.
GCM Grosve
