The seventh fund in PGIM Real Estate’s European flagship high yield debt fund series, PGIM Real Estate Capital VII (PRECap VII), has closed on EUR1.82 billion (GBP1.53bn/USD2.07bn), the largest European real estate debt fund closed in 2021.
PGIM Real Estate is the real estate investment and financing business of PGIM, the USD1.5 trillion global investment management business of Prudential Financial, Inc.
PGIM Real Estate’s European debt platform provides alternative financing, including senior debt, whole loans and mezzanine with co-invest equity. The platform has completed over EUR10 billion across over 180 senior and high yield debt investments in UK and Continental Europe, through its PRECap series of funds, as well as its senior debt strategy, which also recently closed a global mandate of EUR1 billion from a European investor.
Read more/Source: Private Equity Wire
