UAE - Mubasher: Starz Real Estate, a pan-European commercial real estate lending platform, has launched a special situations fund under the name Starz Orion Capital with Abu Dhabi sovereign wealth fund Mubadala Investment Company as the anchor investor.
The fund will invest in a wide range of real estate opportunities across Europe while Starz anticipates an additional round of investment to expand the fund's capitalisation by EUR 300 million, according to a press release.
This is the second venture between Starz and Mubadala, following the first collaboration in December 2021 when the UAE entity provided the anchor investment for Starz Zenith Capital, which originates middle market commercial loans between EUR 15 million and EUR 100 million.
CEO of Starz Real Estate, David Arzi, said: "As market dynamics continue to evolve, the Fund is well-positioned to provide flexible, tailored and timely solutions to meet the ever-changing needs of real estate investors and developers, building on our strong track record and what has been an exciting period of growth for the business."
From her side, the Head of Europe in the Real Estate Platform at Mubadala, Khadija Benzit, said: “Mubadala is delighted to extend our partnership with Starz Real Estate, as we continue to increase our exposure to alternative investments, including in private credit, to achieve stable financial returns.”
Benzit added: “With the current market environment, private credit is playing a bigger role in supporting real estate players, and we’re excited to be supporting the Fund across Europe.”
