Anna-Marie Beal
The partnership will allow Northwind Debt Fund III access to lower cost of capital, enhancing its ability to offer more competitive, flexible financing.
The firm raises $850m in discretionary commitments, with $465m in co-investment capital.
Some real estate managers see ABF as a natural extension of their core strategies, rather than a shift away.
AI is becoming a must-have for real estate credit risk and pipeline management.
The firm exceeded its initial target of $1.5bn for the opportunity fund.
A rise in ventures targeting programs of less than $100m a loan should be viewed as a barometer for broader commercial real estate financing markets.
Ventura County Employees Retirement Association also made a $75m allocation to multi-sector-focused debt strategy VWH Master Fund IV during the period.
The fund has a meaningful allocation to alternative sectors, says Jon Lindell, executive vice-president.
The firm’s chief economist Ryan Severino says retail will exceed investor expectations.
Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities.