Alantra, the independent global financial services firm, announces the launch of Alteralia Real Estate Debt Fund II (RED II), its second European real estate debt fund, with a target size of €200mn, following a first closing.
The new vehicle builds on the success of RED I, which has a very strong track record and has already returned nearly two-thirds of capital to investors. RED II further reinforces Alantra Private Debt’s strategy of delivering financing solutions to European real estate asset owners, with a strong focus on capital preservation and recurring income distributions.
RED II will finance high-quality assets, supporting top-tier sponsors in executing their business plans across core European markets. The fund is well positioned in a favorable market environment, characterized by constrained traditional bank lending and a growing set of refinancing opportunities across existing bank loans. The team currently manages a European pipeline exceeding €500mn, with several transactions at advanced stages.
The fund will maintain a disciplined investment approach, with moderate leverage levels, robust mortgage security, and broad diversification by asset type, geography, and number of investments.
In addition, the firm has strengthened its team with the appointment of Javier Galán as Director in its Investment team, further strengthening its origination and management capabilities in real estate. Javier brings more than a decade of experience financing European real estate assets across the capital structure. He joins from Zetland Capital in London, where he spent over five years, and previously worked at other real estate investment firms, including Lone Star Funds. He joins a team bringing more than 25 years of experience in private debt, with a presence in Madrid, Milan and Paris.
Jaime Cano, Partner at Alantra Private Debt, said: “The launch of RED II reflects our commitment to the European real estate debt mid-market and our disciplined approach to risk management. The strong initial reception of the fund reinforces our confidence in the strategy and highlights growing investor interest. Javier’s appointment further strengthens our pan-European investment and origination capabilities in this segment.”
Alantra Asset Management’s Private Debt strategy provides flexible financing to small and mid-sized European companies through Corporate Direct Lending, Real Estate Debt, Credit Opportunities and Flexible Capital Solutions, with local teams in Spain, France and Italy.
Alantra Asset Management offers clients access to a broad range of investment strategies across five alternative asset classes in the small and mid-market: private equity, active funds, private debt, energy and venture capital. In addition, through its strategic partners Access Capital Partners and Amchor IS, it provides access to co-investments, funds of funds, secondary transactions in private equity and infrastructure, as well as leading international managers across liquid and alternative strategies.
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