BGO raises €1.38bn for third Europe Secured Lending fund


World actual property funding agency BGO has closed its third Europe Secured Lending fund with €1.38bn (£1.18bn) in commitments from 40 institutional buyers.

The fund surpassed its preliminary goal of €1.35bn.

That is BGO’s third fund for its Europe Secured Lending enterprise and is a complement to its UK Secured Lending technique, which raised £1.43bn for its third fund on the finish of 2023.

Learn extra: Mortgage-backed securities face “imminent” dangers from local weather change

BGO gives direct lending throughout a spread of property asset courses, together with logistics, multi-family residential, hospitality, retail and workplace throughout the UK and Western Europe. It focusses on mid-market senior and complete loans, in addition to offering junior debt for acceptable alternatives. Mortgage quantities sometimes vary from €25m to €300m.

BGO has raised $3.3bn throughout its European and UK-specific debt methods over the previous three years.

Learn extra: Arcmont closes €10bn European direct lending fund

“We imagine that BGO’s Europe and UK Secured Lending methods align to clear investor demand and the chance to make the most of the persevering with various credit score marketplace for industrial actual property immediately,” mentioned Jim Blakemore, managing associate, world and European head of debt at BGO. “This fund has been raised in a difficult setting, so the truth that we exceeded our goal speaks to our fame as one of many largest and most trusted various lending groups in Europe.”

Learn extra: CMBS to rise as industrial property lending stalls

BGO’s Europe debt enterprise was based over 10 years in the past at predecessor agency GreenOak Actual Property by senior administration Jim Blakemore, Manja Stueck, and Chris Taylor.

It has since established eight discretionary debt funds and has invested over $6.5bn in industrial actual property loans in Europe and the UK.


Please enter your comment!
Please enter your name here