View the article online at http://citywire.co.uk/wealth-manager/article/a734251
Cheyne launches European property credit fund
by David Campbell on Feb 14, 2014 at 14:26
Cheyne Capital has launched a new property focused fund exploiting limited supply in Europe’s credit markets.
Cheyne Real Estate Credit Holdings fund III will invest in mortgage securities, senior loans, mezzanine loans and equity, primarily from issuers in the UK and German property markets.
Cheyne co-founder Stuart Fiertz said: ‘As European banks continue to retreat from real estate lending due to increasing regulatory pressures, Cheyne is able to step into the void with a viable financing solution for mid-market borrowers, who are increasingly recognising the team’s ability to understand complex real estate financing needs and execute creative solutions in a short timeframe.’
The company said it would focus on mid-market property business facing stiffer capital terms than the upper tier of businesses.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this:
On the road
by Anna Dumas on Apr 16, 2014 at 12:50