Cheyne Capital has raised £3 billion (€3.51 billion) for its ninth European real estate lending strategy.
The final close of Cheyne Real Estate Credit Holdings IX – Capital Solutions arrived with more than 50 percent of allocations has already been deployed into loans. The portfolio spans Belgium, France, Ireland, Italy, Portugal, Spain, Sweden and the United Kingdom and includes loans across hotels, offices, student accommodation, residential and mixed-use properties. The strategy was initially seeded in 2024 by a Middle Eastern sovereign wealth fund.
Elsewhere, Westwind Capital has completed a first close of €200 million for its Westwind European Real Estate Partners I (WEREP) fund. The initial closing attracted a diverse institutional investor base, including a European insurance company and a US family office.
Alongside the initial close, WEREP completed its first investment: the acquisition of four purpose-built student accommodation (PBSA) propertie
