Sector developments and company hires

Aeon Investments has closed its first commercial real estate CLO warehouse in the UK, backed by three strategic loan agreements totalling £900m, as it continues to grow its private credit business. Loans will be funded through Aeon's balance sheet and a three-year revolving senior warehouse facility provided by Credit Suisse. Aeon expects to issue three CRE CLOs in Europe over the next two to three years.

Recent agreements with commercial real estate lending platform WayPark Capital, private bank Arbuthnot Latham & Co and SME finance platform Assetz Capital expands Aeon’s CRE investment programme, which launched in 4Q21. The originators will provide commercial real estate borrowers with tailored loans and financial solutions of between £2m and £20m, with LTV ratios of up to 75% for acquisitions, refinancing and asset upgrades across the UK - including offices, industrial units, warehouses and some retail properties.

Aeon will use its own proprietary ESG positive screening methodology, based on 13 equally weighted factors, to assess new loans and track their progress against measurable KPIs while assessing the impact of each initiative.

In other news…

EMEA

Credit Agricole has named Pierre-Henri Brugeron executive director and deputy head of real estate structured finance, France. Based in Paris, he was previously director in real estate and hotel structured finance at the firm, which he joined in January 2007.

Tim Ayerbe has become md, head of asset solutions at Veld Capital in London, following the carve-out of the business from AnaCap – where he was head of real estate asset management - earlier this month (SCI 4 October). Before AnaCap, Ayerbe worked at KPMG, Channel Capital Advisors and ANZ.