Deutsche Asset & Wealth sets out stall with debt fund

摘要

Deutsche Asset & Wealth Management has raised €500m (£383m) to launch its first senior debt fund, with ambitions to compete with Pfandbrief banks on price. The Deutsche Bank-owned asset manager, which is already active in mezzanine lending, has raised the fund to provide senior loans of up to 60% LTV against office, retail, residential and logistics assets. As well as providing loans for investment deals, the Specialfonds-structured fund will also take syndicate positions. Loan maturity will range from three to 10 years.