Report
Mark Thomas

Real Estate Credit Investments (RECI) - Vive la difference

In this note, we analysis RECI’s French exposures, which now account for 37% of commitments and three of the top-10 commitments. In particular, we review the geographical and sector risk diversification, and growth opportunity benefits that this brings to RECI investors. We review the competitive advantages of Cheyne, the manager, in this area, noting particularly its structuring of complex deals, certainty of finance and relative simplicity compared with syndicate providers. We use case studies from its €1bn+ cumulative lending to illustrate these advantages. RECI’s recent quarterly update highlighted its usual, overall strategic theme of consistency.
Underlying
Real Estate Credit Investments

Provider
Hardman & Co
Hardman & Co

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Analysts
Mark Thomas

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