Laxfield Group launches £500m debt fund

The Laxfield Group has launched a discretionary real estate debt fund with £500m of commitments. The fund, which is backed by institutional capital, will target loans of up to £100m and is seeded by £250m of loans already written. Laxfield lends against income-producing, transitionary and light development assets with durations of 12 months to seven years and LTVs of up to 75%. Adam Slater, managing director of Laxfield, said: “The market has responded to our fast-decision making, flexible structuring and highly professional execution. “The vehicle allows us to streamline this further and expand the product. Our investors see good value in the UK CRE debt market and we have a flexible structure which will allow us to upsize if the market opportunity remains strong.” To send feedback, e-mail karl.tomusk@egi.co.uk or tweet @ktomusk or @estatesgazette