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Fundraising round-up: November makes good on debt
November 2013 was a very active month for European funds, especially funds investing in European debt.
Aeriance Investments launched two separate closed-end debt funds with a combined fundraising goal of €1 billion. Aeriance Mezzanine Real Estate Debt Fund 3 will focus on originating new and attractively priced junior debt, partnering with traditional lenders who are unable to fund parts of the capital structure and acquiring publicly-traded debt, such as CMBS. Opportunistic Real Estate Loan Fund 2 is focused exclusively on senior and junior short-term and development financing loans aimed at high-end residential properties located in prime central London, such as Belgravia, Knightsbridge and Mayfair.
Aviva Investors announced a second close of £187.5 million (€226 million) for its UK Commercial Real