Alantra has launched its second European real estate debt fund with a target size of €200m (£173.2m).
The Alteralia Real Estate Debt Fund II (RED II) builds on the firm’s first vintage, which has returned nearly two-thirds of capital to investors, the alternative asset manager said.
The fund lends to European real estate asset owners, with a focus on capital preservation and regular payouts.
Alantra said the team managing the strategy has a European pipeline exceeding €500m.
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“The launch of RED II reflects our commitment to the European real estate debt mid-market and our disciplined approach to risk management,” said Jaime Cano, partner at Alantra private debt. “The strong initial reception of the fund reinforces our confidence in the strategy and highlights growing investor interest.”
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The launch of RED II comes as Alantra has recently appointed Javier Galán as director within its investment team, strengthening its real estate capabilities. He joined the firm from Zetland Capital in London.
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