DRC Capital is a newly formed advisory and asset management business that will concentrate on providing debt capital to Western European commercial property.
EUROPE – Asset manager Duet Group has launched a new independent investment advisory firm called DRC Capital.
Industry feels Financial Services Authority’s June rule change will make debt even more scarce
After the announced stoppage of all new property lending ordered by Germany’s Commerzbank for its Eurohypo unit, other European banks are likely to curtail lending, making this a major challenge for 2012, a PIE panel at Mapic heard.
GLOBAL – Debt will become the new core as pension funds and insurers transfer their special situations allocations to new asset sub-classes such as debt, according to Dale Lattanzio, managing director of real estate private equity firm Duet.
Duet raises more than £300m for European Real Estate Debt Fund; announces 2011’s largest European mezzanine financing – £80m for The Blackstone Group.