AXA Investment Managers - Real Assets is set to buy one of the US-focused lines of business from Quadrant Real Estate Advisors, including a real estate debt team, and will take over the management of $9.4bn in US commercial mortgage loans.
The transaction, which is under contract and is pending regulatory approval, is set to bring AXA IM - Real Assets' loan portfolio to $20.5bn and its total debt platform including infrastructure finance to around $28bn. Some 24 members of Quanrant, including five of its founding partners, will also join AXA IM - Real Assets as part of the deal. Quadrant will continue to manage various commercial real estate debt strategies in the US, UK, and Ireland. AXA IM restructures healthcare mandate as longevity fund This new capabilities will allow AXA IM - Real Assets to offer investment so...
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