Private Debt

Study result: Real estate debt in the area of tension between return expectations and security requirements

A joint study by RheinMain University of Applied Sciences and CAERUS shows that real estate debt is a growth market, but currently accounts for only 1.6% of portfolios. Around a third of investors want to expand their commitments, with the risk-return profile being the most important driver.

How U.S. middle market direct lending complements and enhances European portfolios

BF.Private Debt Market Compass: Sentiment on International Private Debt Market Remains Buoyant

The BF. Private Debt Market Sentiment Index stands at 59.7 points in the second half of 2026, well above the neutral mark. Financing conditions are developing in favour of lenders, fundraising and LP commitments remain robust. Growth and acquisitions characterise the transactions.

Lenders want to significantly expand real estate financing in Germany

A CBRE survey shows that 71 percent of lenders active in Germany are planning to grant more loans in 2026. Residential real estate remains in the lead, office rises to third place; Conditions improve slightly. 82 percent finance alternative segments, sustainability remains a key requirement.

INFLATION AND INTEREST RATES 'BIGGEST CHALLENGE' FOR INFRASTRUCTURE LENDERS

A study by Nordic Trustee (Ocorian) surveyed infrastructure and private credit managers as well as bankers in UK, DE, CH, FR, IT and SE. The result: Inflation and interest rates are the biggest challenge for infrastructure loans; Regulatory/political and market risks dominate, brownfield is preferred.

Study reveals disciplined infrastructure lenders focus on project finance and mezzanine

A study by Ocorian Nordic Trustee shows: Disciplined infrastructure lenders prefer non-recursive project financing (33%) and mezzanine (32%); Senior debt with equity co-investment leads the way in terms of risk sharing (62%). Geopolitics strengthens local projects; hybrid and preferred equity structures are on the rise.

Office properties in greater demand again among lenders in Europe

CBRE reports a much more positive lender sentiment towards office properties: In the European Lender Intentions Survey 2026, the sector moves up to third place, prime assets are in demand. Data centers and alternative segments are gaining, LTVs and development finance are increasing, especially by non-banks.

Private Credit and the Wrong Side of the Balance Sheet

US private credit funds have recently seen strong redemptions and liquidity pressures, while Europe has remained largely stable. According to the analysis, the difference lies less in the loans than in the investor structure: retail-driven vehicles vs. institutional investors.

Private markets reshape wealth management as alternatives drive portfolio diversification and revenue growth, says GlobalData

Alternative investments are becoming the core of wealth management. According to GlobalData, private equity, private credit, infrastructure and real assets increase diversification and resilience and strengthen recurring income – visible in Europe and Singapore.

Construction Financing for IAB-Driven Renewable Energy Projects in Germany

The Investitionsabzugsbetrag (§7g EStG) is a German tax incentive for small businesses and investors. It allows up to 50% of planned investment costs to be deducted up to three years in advance, improving liquidity, plus accelerated depreciation of up to 20% over five years.

FRiG follows StoFöG – double blow for German funds

Since the beginning of April, the Fund Risk Limitation Act has been taking effect. Together with the StoFöG, which was already passed at the beginning of the year, it makes the German fund location competitive. This pays off especially for private market funds, explains Robert Guzialowski from HANSAINVEST.

PTXRE White Paper: Geopolitics Tightens Credit Conditions in the Real Estate Market

A white paper by PTXRE analyzes the impact of geopolitical tensions, especially in the Middle East conflict, on commercial real estate financing in Germany. It is expected that not key interest rates, but higher risk premiums and stricter credit standards will be the main drivers.