Real estate debt

Head of private markets Cecile Retaureau explains how the UK life and pensions firm is building its exposure to infrastructure finance. It is also adding to its private credit team.

Why the ability to deploy capital quickly is becoming key to a manager’s ability to tee up their next fund.

The manager’s third vintage received $785m in commitments for the energy efficiency programme, which provides investors with long-duration income.

The firm’s debt fund hit $525m, beating a target of $500m, while its structured equity fund closed on $500m.

Private lenders are poised to snap up $1trn of CRE mortgages in the next three to five years, says Moody’s.

The pension fund giant has hired Mascha Canio, who has managed public pension assets, to the new role.

Specialty lending and real estate debt were mentioned as areas an interest for the next round of commitments from the $500bn-plus system after adding $18bn this fiscal year

Nuveen Real Estate has held a second close for the fund on around A$650m following the investment, with a final close due this year.

Australian superfund Aware Super is one of the largest domestic players in the asset class Down Under – and continues to deploy capital through GPs overseas.

All private market asset classes stand to benefit, debt more than real estate or infrastructure.