Deutsche AM holds first close of second real estate credit fund
Monday, November 9, 2026 · first reported by PERE and 3 others
Deutsche Asset Management has held an anchor close of its European Property Debt Fund II on €120m, with German institutions showing strong interest. PERE reports a €500m target for the vehicle, the second in the series.
The fund will mainly make first-ranking whole loans of €25m to €75m to mid-market properties in western Europe, chiefly Germany, France, the UK, Spain, the Nordics and the Benelux region. Logistics, residential, student housing and prime office are the target sectors. Investors are offered a targeted yield of five to seven per cent a year, paid as cash, and a net IRR of six to seven per cent.
- Fund
- European Property Debt Fund II
- Size
- $130M
- Stage
- First close
- Asset class
- Credit, Real estate
- Geography
- Europe
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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Coverage
4 sources- PEREDeutsche AM holds first close of second real estate credit fund
- Alternative Credit InvestorDeutsche AM raises €120m for European RE debt fund
- DealroomDWS raises €120M anchor close for European property debt fund
- Green Street NewsDeutsche AM holds €120m anchor close for latest real estate debt vehicle
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