Real Estate Debt Managers Score Fundraising Jump: Prequin
Matthew Ertman quoted in FundFire
Press Mention
8.01.24
Allen Matkins Chair of Investment Management, Matthew Ertman, was quoted in an article in FundFire by David Mamone discussing the uptick in real estate debt fund fundraising in the second quarter of 2024. Matthew explained, "This trend is not likely to change soon. Banks have pulled out of the [lending market], and they have created a marketplace for non-bank lenders to fill the gap." He went on to say that some of his clients have increasingly preferred to add short-term debt at higher rates than putting up additional equity. Read more (subscription required).
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