Investors for the ultra-rich put money into private debt
Family offices with large piles of cash take advantage of cheaper valuations and avoid the volatility of stock markets
London — Michel Andre Heller is looking to lend when credit is tight. The London-based real estate adviser to a billionaire family from the Middle East is lining up deals of as much as £5m for UK residential developments and more than double that amount alongside other investors for bigger properties, such as hotels or offices.
The private debt market “is more than trickling along for us”, Heller said. “From a family office perspective, you don’t want to take on too much risk, but you still want to deploy capital.”..