Alantra completes a €132m close of its real estate debt fund

Date 15 October 2021

Madrid, October 15, 2021 – Alantra, a global investment banking and asset management firm, is pleased to announce it has reached a closing of €132 million in capital commitments in its private debt real estate fund, Alteralia Real Estate Debt FIL (“Alteralia RED”). Due to significant investor demand, the fund has already exceeded its initial target of €100 million. Alteralia RED’s investors include a diverse group of national and international leading insurance companies, pension funds, banks, family offices, and high-net-worth individuals.

The vehicle will offer loans of between €5 and €20 million on commercial real estate assets in Spain and other European countries, including offices, retail, hotels, logistics, student residences, PRS (private rented sector or rental residential) and other alternative assets. These loans may be used for different purposes such as acquiring real estate assets, refinancing existing debt, funding for renovation or repositioning works.

Additionally, in April 2021, Alteralia RED entered into the EIF (European Investment Fund) guarantee program, which has been provided with the ultimate purpose of enhancing access to financing for Eligible Final Recipients and which will allow Alteralia RED to benefit from a guarantee on Eligible Final Recipient Transactions that will partially cover the credit risk of the transaction.

Jacobo Llanza, CEO of Alantra Asset Management, comments on the new closing: “I would like to thank our recurring and new investors for their support of the latest Alantra private debt vehicle. The successful fundraising validates our proven track record of alternative financing in Iberia, where we are one of the most active private debt firms in the mid-market segment with 28 investments closed since 2015.”

Jaime Cano, Partner at Alantra Private Debt, added: “We are pioneers in offering alternative financing in the Spanish real estate mid-market for investors looking for flexible terms at single-digit cost. We are convinced that we will successfully deploy the Alteralia RED’s capital and deliver a strong performance with a growing pipeline and the team’s solid track record. Alteralia RED has already completed one investment and expects to close two more shortly.”

In Private Debt, Alantra has more than €1.2 billion in AuM throughout its direct investments business and strategic partnerships.