TenFifty Capital to provide CRE lending with €10-50m focus

TenFifty Capital, a new platform specializing in commercial real estate lending in Europe, led by CEO Hugh Fraser, has officially launched. 

Hugh Fraser

The firm will focus on providing loans of €10-50 mln to small and mid-sized businesses across Europe and the UK. 
TenFifty aims to originate €1-2 bn in loans during its first year, offering a swift and reliable solution for acquisition and refinancing needs, especially as traditional lenders reduce their activity. 
This new venture operates in partnership with global alternative asset manager Apollo, complementing their existing large loan strategies.
TenFifty will work with borrowers in various sectors, including logistics, industrial, retail, housing (senior and student), hospitality, prime office, self-storage, parking, and food retail. With offices in Amsterdam, Berlin, London, and Madrid, the firm will invest in key European markets like the UK, Germany, the Netherlands, Spain, Italy, and Ireland. 
Founder and CEO Hugh Fraser said, “I've long held the belief that the small and mid-market European CRE debt space is often neglected and ripe for improvement. TenFifty Capital exists to address that gap, with a genuinely pan-European platform dedicated to supporting this sector of the market. I'm thrilled to be working with a company of Apollo’s calibre, having experienced first-hand the strength of their balance sheet, but more importantly, the strength of the Apollo team’s approach to building long-term partnerships.”
Apollo Partner and head of Real Estate Credit, Europe, Ben Eppley, added: “Hugh has earned a remarkable reputation in the European real estate market. We have worked with him for many years and are pleased to now formally partner with the launch of TenFifty as a new, high-performing platform. At Apollo, as one of the largest non-bank commercial real estate lenders in Europe, we believe this small and mid-market strategy will be highly synergistic with our broader real estate credit business and enhance Apollo’s granular origination capability, while maintaining a focus on first lien mortgages secured by high-quality assets and institutional borrowers.”
Before TenFifty, Hugh Fraser co-founded M7 in 2009, where he oversaw over €6 bn in financing and managed a small balance lending strategy.