The new strategy will invest in eurozone senior mortgage debt.
Amundi has launched a real estate debt strategy offering exposure to eurozone senior real estate debt.
The strategy will predominantly invest in loans with floating rates, thereby offering a hedge against rising interest rates. The eurozone real estate finance market saw ssuance over €100bn a year across Europe last year, 10 per cent of which was in France.
This new strategy comes out of Amundi’s Alternative and Real Assets platform, which it announced just under two years ago with the platform already managing a €300m segregated mandate in this asset class.
Bertrand Carrez, head of real estate debt strategy at Amundi, says the new strategy fuses fixed income and in real estate expertise.
“We are aiming to raise between €350 and €500m and are confident of being able to invest this swiftly, exploiting our relationships with players across eurozone senior debt. This should yield abundant deal flow and enable rapid deployment of capital while remaining highly selective in the quality of the loans,” he said.
The Alternative and Real Assets Platform has €41.6bn of assets under management across real estate, private debt, private equity, and infrastructure. Its private debt division manages €6.5bn of this figure. Amundi meanwhile has over €1.4trn in assets under management.