Key Takeaways
- • SCOR Investment Partners has raised €260m (£224.7m) in commitments for its fifth value-add real estate debt strategy, SCOR Real Estate Loans V, against a €500m target.
- • SCOR Group, the Paris-based reinsurer, is the anchor investor in the Article 9 fund under the EU Sustainable Finance Disclosure Regulation (SFDR).
- • The fund has drawn capital from long-standing investors in previous vintages as well as new institutional backers, and fundraising remains ongoing.
- • The strategy has deployed €2.3bn across 91 transactions over the past decade, per the firm.
- • The manager targets running yields above 5% and an IRR of around 6% on value-add real estate debt, according to Alexandre Jaeglé.
Summary
SCOR Investment Partners has raised €260m (£224.7m) in commitments for SCOR Real Estate Loans V, its fifth value-add real estate debt strategy, according to Alternative Credit Investor. The vehicle has a target of €500m, and fundraising is ongoing as the fund seeks capital to finance the renovation, restructuring, repositioning and development of real estate assets.
SCOR Group, the Paris-based reinsurer, is the anchor investor in the fund, which is classified as Article 9 under the European Sustainable Finance Disclosure Regulation. The firm said the fund has also attracted capital from both long-standing investors from previous vintages and new institutional backers.
Pierre Saeli, head of real estate loans at SCOR Investment Partners, said investment volumes in the real estate market have started to increase again and should continue to rise, supporting a strong pipeline of debt transactions. He added that the structural trend towards higher environmental, social and governance standards represents a powerful investment driver for value-add strategies.
The firm said the capital raised has already been deployed into projects across student housing, life sciences and office assets. In three of these transactions, SCOR Investment Partners acted as sole senior lender. Over the past decade, the firm's real estate debt strategy has deployed €2.3bn across 91 transactions.
Alexandre Jaeglé, head of business development at SCOR Investment Partners, said investors are returning to real estate, notably through debt strategies, which offer greater downside protection than equity. He said the firm anticipates running yields above 5% on value-add real estate debt and an IRR of around 6% in the current market environment.
SCOR Group, the Paris-based reinsurer, is the anchor investor in the fund, which is classified as Article 9 under the European Sustainable Finance Disclosure Regulation. The firm said the fund has also attracted capital from both long-standing investors from previous vintages and new institutional backers.
Pierre Saeli, head of real estate loans at SCOR Investment Partners, said investment volumes in the real estate market have started to increase again and should continue to rise, supporting a strong pipeline of debt transactions. He added that the structural trend towards higher environmental, social and governance standards represents a powerful investment driver for value-add strategies.
The firm said the capital raised has already been deployed into projects across student housing, life sciences and office assets. In three of these transactions, SCOR Investment Partners acted as sole senior lender. Over the past decade, the firm's real estate debt strategy has deployed €2.3bn across 91 transactions.
Alexandre Jaeglé, head of business development at SCOR Investment Partners, said investors are returning to real estate, notably through debt strategies, which offer greater downside protection than equity. He said the firm anticipates running yields above 5% on value-add real estate debt and an IRR of around 6% in the current market environment.
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