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Fund Solutions

Amundi Launches 2nd Gen ESG Real Estate Debt Fund

Amundi, Europe’s leading asset manager with €1.9 trillion (US$2.01 trillion) in AuM, is launching the Amundi Commercial Real Estate Loans II (ACREL II) – the second vintage of its senior mortgage fund. The fund offers investors exposure to a resilient asset class, providing diversification and relative value in the current environment, notably through floating rate returns. The ACREL II fund will invest in the major economies of the euro zone, with a focus on demonstrably resilient sectors amid a volatile and uncertain environment, such as premium office space, logistics, and managed residential properties. The fund will aim to select primarily property-backed debt with Core or Core+ quality risk profiles, with a carefully managed Value Add component as an additional performance lever. The strategy of this new fund is an extension of the ACREL I fund, which raised €443 million from leading European institutional investors. Bertrand Carrez, Head of Credit Real Estate Debt at Amundi, said: “With this successor fund ACREL II, we aim to offer investors indirect exposure to real estate that will be both resilient and offer a high relative value, building on the success of the first vintage, which demonstrated the depth of our market access, as well as the robustness and agility of our management model.”

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