Moving up in the real estate world
The total raised for senior debt so far in 2018 signifies a jump from previous years.
The growth in real estate debt is just one of the many story lines in the expansion of private credit, and senior debt in that sub-strategy seems to be having its moment in the sun.
Mezzanine and distressed debt have been historically popular, raising substantial amounts of capital over the past five years, particularly compared to senior debt, according to PDI data.