In 2020, AB’s European CRED team (“AB ECRED”) was added with the acquisition of Lacarne Capital, a boutique European real estate lender with a track record dating back to 2013. The acquisition facilitated AB’s rapid entry into the European market with an established team, investment process/IP, track record, and key investor relationships. Today, it is one of the largest real estate direct lending platform launches in Europe. The AB ECRED team brings experience, an impressive breadth of knowledge, and a considerable relationship network throughout Europe.