Israeli Investors Launch New $700 Million Debt Fund for US Real Estate
Translated & summarized from TheMarker by baba
Israeli partners Gil Deutsch, Roni Biron, and Miki Naftali are launching a new debt fund to raise between $500 million and $700 million for US real estate. Their previous fund, "Naftali Credit Partners," raised $400 million and yielded a 14% gross annual return. The new fund will focus on mezzanine loans and real estate financing in the US, despite the current challenging market conditions.
The story in 5 lines · by baba
- Partners Gil Deutsch, Roni Biron, and Miki Naftali are raising $500-700 million for a new US real estate debt fund.
- The new fund follows the success of their previous $400 million "Naftali Credit Partners" fund.
- The prior fund achieved a gross annual return of approximately 14% for investors.
- The new fund will focus on mezzanine loans and real estate financing in the US.
- Investors in the first fund included Harel, Clal Insurance, Yelin Lapidot, and Amitim.
Partners Gil Deutsch, Roni Biron, and Miki Naftali are raising between $500 million and $700 million for a new debt fund targeting the US real estate market. This initiative follows the success of their previous fund, "Naftali Credit Partners," established in late 2022, which raised approximately $400 million from investors including Harel, Clal Insurance, Yelin Lapidot, and Amitim.
The previous fund invested its entire capital across roughly 15 deals, each valued in the tens of millions of dollars, without any defaults. It generated an average gross internal rate of return (IRR) of about 14% for its investors. The new fund aims to capitalize on the challenging US real estate market by focusing on mezzanine loans and real estate financing in the United States.
Mentioned
