The French firm has acquired a real estate debt portfolio in the country and a 24-member investment team as it expands its global strategy to deploy capital.
The Los Angeles, California-based firm is now preparing to launch its Oaktree Real Estate Opportunity Fund VIII in 2019.
The US offers stable loan underwriting standards and an opportunity for debt funds to take back market share from banks, which have lent more in recent quarters.
In the second of three instalments, Real Estate Capital examines the leading lenders in Europe today.
Lending to a singular alternative real estate sector means a firm must be ready to underwrite a property type’s unique risk and demonstrate specialist expertise.
The pension system is investing with a startup, but it has a long history with one of the firm’s founders.
Investment opportunities for real estate debt in the US appear to remain strong.
The fund’s commercial focus differs from its predecessors, which targeted an array of assets.
The German bank recorded €4.2bn of new real estate lending in the first half of 2018.
The firm has received a commitment from the Texas Municipal Retirement System.