Key Takeaways
- • SCOR Investment Partners announced the interim closing of SCOR Real Estate Loans V, its fifth vintage value-add real estate debt fund, with EUR 260 million in commitments against a EUR 500 million target.
- • The fund has financed four projects across student housing, life sciences and office assets, with SCOR Investment Partners acting as sole senior lender on three of them.
- • The fund is classified as an Article 9 fund under SFDR and has obtained LuxFLAG ESG Applicant Fund Status.
- • Management anticipates running yields above 5% and IRR of around 6% on value-add real estate debt in the current environment.
- • SCOR Investment Partners has deployed EUR 2.3 billion across 91 real estate debt transactions over the past decade and manages nearly EUR 28 billion in total AUM and advisory assets as of December 31, 2025.
Summary
SCOR Investment Partners, the alternative fixed-income manager and subsidiary of reinsurer SCOR Group, has completed an interim closing of SCOR Real Estate Loans V with EUR 260 million in commitments, according to a press release dated March 19, 2026. The fund is the fifth vintage of the manager's value-add real estate debt strategy, which was launched in 2013 and finances the renovation, restructuring, repositioning or development of real estate assets. Fundraising remains ongoing with a target size of EUR 500 million. SCOR Group is an anchor investor in the fund, which has also attracted both long-standing and new institutional investors.
The fund has already financed four projects across student housing, life sciences and office assets. SCOR Investment Partners acts as sole senior lender on three of these transactions. The manager describes its pipeline as robust and diversified, and characterises the recovery in financing activity as aligned with rising real estate investment volumes.
Pierre Saeli, Head of Real Estate Loans at SCOR Investment Partners, said investment volumes in the real estate market have begun to increase and should continue to rise, supporting a strong pipeline of debt transactions. Alexandre Jaeglé, Head of Business Development, said investors are returning to real estate through debt strategies, which offer greater downside protection than equity. He said the firm anticipates running yields above 5% and IRR of around 6% on value-add real estate debt in the current market.
The fund targets core locations in major European metropolitan areas using a multi-sector approach, through senior and whole loans. It is classified as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation and has obtained LuxFLAG ESG Applicant Fund Status. Its investments aim to improve the energy efficiency of existing buildings. The release cites European regulation, demand for newly built or certified assets, and capital expenditure needs as drivers of the energy transition in real estate.
Over the past decade, the real estate debt strategy has deployed EUR 2.3 billion across 91 transactions, including senior loans, whole loans, junior loans and mezzanine financing. SCOR Investment Partners reports total assets under management or advisory of nearly EUR 28 billion as of December 31, 2025, including EUR 8 billion from external investors. The firm is authorised by the AMF, employs more than 100 people in Paris, London and Zurich, and serves more than 300 institutional clients in about thirty countries.
The fund has already financed four projects across student housing, life sciences and office assets. SCOR Investment Partners acts as sole senior lender on three of these transactions. The manager describes its pipeline as robust and diversified, and characterises the recovery in financing activity as aligned with rising real estate investment volumes.
Pierre Saeli, Head of Real Estate Loans at SCOR Investment Partners, said investment volumes in the real estate market have begun to increase and should continue to rise, supporting a strong pipeline of debt transactions. Alexandre Jaeglé, Head of Business Development, said investors are returning to real estate through debt strategies, which offer greater downside protection than equity. He said the firm anticipates running yields above 5% and IRR of around 6% on value-add real estate debt in the current market.
The fund targets core locations in major European metropolitan areas using a multi-sector approach, through senior and whole loans. It is classified as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation and has obtained LuxFLAG ESG Applicant Fund Status. Its investments aim to improve the energy efficiency of existing buildings. The release cites European regulation, demand for newly built or certified assets, and capital expenditure needs as drivers of the energy transition in real estate.
Over the past decade, the real estate debt strategy has deployed EUR 2.3 billion across 91 transactions, including senior loans, whole loans, junior loans and mezzanine financing. SCOR Investment Partners reports total assets under management or advisory of nearly EUR 28 billion as of December 31, 2025, including EUR 8 billion from external investors. The firm is authorised by the AMF, employs more than 100 people in Paris, London and Zurich, and serves more than 300 institutional clients in about thirty countries.
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