Cheyne Capital Targeting £7.5 Billion Real Estate Debt Funds (1)

Cheyne Capital is targeting £7.5 billion ($9.3 billion) for the latest vehicles in its UK and European real estate debt fund series, as investor appetite for property loans booms.

The London-based alternative asset manager plans to raise about £5 billion for senior loans that it will provide to a range of property types, from fully leased buildings to developments in the UK and Western Europe, according to a statement Monday.

It has also set a maximum £2.5 billion target for its so called Capital Solutions strategy, which focuses on recapitalizations by providing a range of loans including junior debt, hybrid ...