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Cheyne Real Estate was formed in 2009 to capitalise on the dislocation in European real estate debt. The increased regulatory burden in the aftermath of the financial crisis led to a substantial retreat by traditional bank lenders. Since then, the opportunity set has widened across the spectrum of real estate credit and equity.

Cheyne Real Estate history

The Financing of Real Estate has Evolved

  • 2009

    Cheyne Real Estate launches its first real estate debt fund, which invested in senior and mezzanine debt securities backed by core and core+ commercial and residential property in the UK and Europe.

  • 2010

    Cheyne relaunches its listed closed-end vehicle, Real Estate Credit Investments Ltd. (RECI), with an additional capital raise.

  • 2011

    Launch of the Cheyne Real Estate Credit Holdings (CRECH) real estate lending programme, which ultimately grows to comprise nine successive vintages.

  • 2013

    RECI completes a successful additional placing programme.

  • 2014

    Cheyne launches its impact real estate strategy, seeking to provide affordable housing within tenure blind schemes to create sustainable, integrated communities.

  • 2016

    The third vintage of our CRECH real estate lending programme launches.

  • 2017

    RECI completes a further placing programme.

  • 2018

    The fifth vintage of our CRECH real estate lending programme completes its asset raise, reaching its hard cap in investor commitments.

  • 2019

    Launched the sixth and seventh vintages of our CRECH real estate lending programme.

  • 2021

    Successful fundraising cycle across our sixth and seventh vintages and the additional launch of an SMA.

  • 2022

    A further three SMAs were closed across the CRECH Programme.

  • 2023

    Announced the launch of the next iterations of the CRECH Programme: the Senior Loan strategy and the Capital Solutions strategy.

  • 2025

    One further CRECH Programme SMA was launched.