SCOR Investment Partners, the asset manager of the SCOR insurance group, has closed its SCOR Real Estate Loans IV fund with €629m in commitments. This new commercial success brings to close to €2bn the assets raised since the launch of its real estate debt fund activity in 2013 (including senior and junior debt strategies).
SCOR Real Estate Loans IV is the fourth generation of senior mortgage debt funds marketed by the fund manager. Capital was raised from French institutional investors. For this new vintage, the investment strategy remains value-add and favours projects with the highest energy, environmental and occupant well-being labels.
Designed with a view to financing the office buildings of tomorrow, new uses and new lifestyles, the fund has adopted a sustainable investment charter setting measurable extra-financial objectives.
As of 15 September 2021, the team has already deployed more than 50 % of the capital raised on 10 projects. All the projects financed are part of a sustainable approach.
“We are proud of this new commercial success, which confirms our position as a leading player in real estate debt”, says François de Varenne, Chairman of the Management Board of SCOR Investment Partners. By financing the building of tomorrow, which is less energy-intensive, more environmentally friendly and adapted to new uses, we are creating value for our clients and, together, we are helping to finance the sustainable development of society.