SCOR Investment Partners raises EUR629m for SCOR Real Estate Loans IV fund
SCOR Investment Partners, the asset management company of the SCOR group, has held the final closing of the SCOR Real Estate Loans IV fund, having raised EUR629 million in commitments.
The firm has now raised more than EUR1.965 billion of assets since the launch of its real estate debt activity in 2013 (including senior and junior debt strategies).
The SCOR Real Estate Loans IV fund is the fourth generation of the asset manager’s senior real estate loan funds. The capital was raised from French institutional investors. Like its predecessors, the fund’s investment strategy remains positioned on value-add1) transactions, with an emphasis on projects that aspire to the highest energy, environmental and well-being standards for their occupants.
As of 15 September, 2021, the investment team has already invested 50 per cent of the capital raised in 10 projects. One hundred per cent of the projects financed are sustainably oriented.
François de Varenne, Chief Executive Officer of SCOR Investment Partners, says: “We are proud of this new commercial success which confirms our position as a key player in real estate debt. We have built our real estate financing activity on our longstanding experience of the market, on robust investment discipline, and on the conviction that investing in the “value-add” market segment is the best way to meet our investors’ needs in terms of returns and capital preservation, while actively participating in financing the energy transition. By financing the buildings of tomorrow, which use less energy as well as being more environmentally friendly and adapted to new uses, we are creating value for our investors. Together, we finance the sustainable development of our societies.”