Edmond de Rothschild REIM raises further capital for its European High Yield I Real Estate Debt Fund

Edmond de Rothschild Real Estate Investment Management (REIM) completed another equity closing in its pan-European High Yield I Real Estate Debt Fund taking the current equity commitment in the Fund to above EUR 160 million.

The capital was raised from a large German insurance company and a mix of international investors arranged through the Edmond de Rothschild Private Bank. The Edmond de Rothschild High Yield I Real Estate Debt Fund is providing whole loans and mezzanine loans secured against real estate collateral across Western Europe. The Fund was launched in November 2020 with a target size of EUR 300 million and has invested into four European debt transactions so far with a total loan commitment of approximately EUR 145 million. The Fund is targeting circa 8% net IRR including a running coupon 4%-5% p.a. paid out on a quarterly basis.

The Edmond de Rothschild REIM Real Estate Debt Team is also managing a EUR 180 million separate fund dedicated to one German institutional investor taking the total capital raised for its European Real Estate Debt Strategies to date to more than EUR 340 million.

Read the full press release at the link below