AEW Europe has announced the appointment of Cyril Hoyaux (pictured) as Head of Debt Fund Management in Europe as the company prepares to expand its real estate debt platform with launch its second debt fund, Senior European Loan Fund 2 (SELF2).
SELF2 will have an investment capacity of at least €750 million and is designed to finance senior loan transactions in the office, retail, multifamily and logistics sectors largely in France, Germany and the United Kingdom.
Hoyaux has 25 years’ experience in real estate and debt financing and joins AEW Europe from JLL France where he was co-Director and co-founder of its Debt Advisory platform.
Prior to this he was he was at Morgan Stanley where he helped source and structure over €4 billion of real estate financing. Hoyaux, who holds a BA in corporate finance from Dauphine University and an MBA in commercial real estate from Sorbonne University, also spent five years as head of the valuation division at Ad Valorem.
In his new position at AEW Europe he will be based in Paris where he will report to Raphaël Brault, Head of Separate Accounts and Funds.
Commenting on the appointment Brault said: “We have strong ambitions for our real estate debt platform in Europe in which investors continue to show a high level of interest. Cyril brings to our existing team of dedicated experts his detailed knowledge of the market and he will contribute actively to the expansion of our real estate debt business.”
Chief Executive Officer of AEW Europe, Rob Wilkinson, added: “Having recently completed the investment programme for our first debt fund we are now focused on continuing our strategy of expanding our debt platform through the launch of SELF2.
“There is still a clear appetite from our investor clients and contacts to invest in real estate debt, attracted by the yields available, particularly when compared to those from other forms of credit such as corporate bonds and gilts.
“I am very pleased to have Cyril on board. He is a well-respected professional and his expertise and knowledge of the market will be invaluable as we seek to grow our debt business and launch our new fund.”
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