TenFifty Capital, a New European CRE Lending Platform, Announces Its Launch
TenFifty Capital, a new European commercial real estate lending platform, has announced its launch in alliance with Apollo (NYSE: APO). Led by industry veteran Hugh Fraser as CEO, TenFifty will focus on �10-50 million loans in the small- and mid-market space, targeting �1-2 billion in loan origination in its first year.
The platform will concentrate on senior secured lending across core European markets including the UK, Germany, Netherlands, Spain, Italy, and Ireland. With offices in Amsterdam, Berlin, London, and Madrid, TenFifty will serve multiple sectors including logistics, industrial, retail warehousing, senior/student housing, hospitality, prime office, self-storage, parking, and food retail.
Fraser, previously co-founder of M7 where he managed over �6 billion in financings, brings extensive experience in building real estate lending platforms. The partnership aims to complement Apollo's existing large loan strategy while addressing the underserved mid-cap market segment.
TenFifty Capital, una nuova piattaforma europea di finanziamento immobiliare commerciale, ha annunciato il suo lancio in collaborazione con Apollo (NYSE: APO). Guidata dall’esperto del settore Hugh Fraser come CEO, TenFifty si concentrerà su finanziamenti da �10-50 milioni nel segmento small e mid-market, con l’obiettivo di originare prestiti per �1-2 miliardi nel primo anno.
La piattaforma punterà al senior secured lending nei principali mercati europei come Regno Unito, Germania, Paesi Bassi, Spagna, Italia e Irlanda. Con uffici ad Amsterdam, Berlino, Londra e Madrid, TenFifty servirà settori quali logistica, industriale, retail warehousing, housing per anziani/studenti, ospitalità, uffici di pregio, self-storage, parcheggi e food retail.
Fraser, ex cofondatore di M7 dove ha gestito oltre �6 miliardi di finanziamenti, porta una vasta esperienza nella costruzione di piattaforme di lending immobiliare. La partnership mira a integrare la strategia di Apollo sui grandi prestiti e a coprire il segmento mid-cap poco servito.
TenFifty Capital, una nueva plataforma europea de préstamos inmobiliarios comerciales, ha anunciado su lanzamiento en alianza con Apollo (NYSE: APO). Liderada por el veterano del sector Hugh Fraser como CEO, TenFifty se centrará en préstamos de �10-50 millones en el espacio small- y mid-market, con la meta de originar �1-2 mil millones en préstamos durante su primer año.
La plataforma se enfocará en senior secured lending en mercados europeos clave como Reino Unido, Alemania, Países Bajos, España, Italia e Irlanda. Con oficinas en Ámsterdam, Berlín, Londres y Madrid, TenFifty atenderá varios sectores: logística, industrial, retail warehousing, vivienda para mayores/estudiantes, hostelería, oficinas prime, self-storage, aparcamientos y retail alimentario.
Fraser, anteriormente cofundador de M7, donde gestionó más de �6 mil millones en financiaciones, aporta amplia experiencia en la creación de plataformas de préstamos inmobiliarios. La asociación busca complementar la estrategia de Apollo en grandes préstamos y cubrir el segmento mid-cap poco atendido.
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� 플랫폼은 영국, 독일, 네덜란�, 스페�, 이탈리아, 아일랜드 � 주요 유럽 시장에서 선순� 담보 대�(senior secured lending)� 집중합니�. 암스테르�, 베를�, 런던, 마드리드� 사무소를 두고 물류, 산업, 리테� 창고, 시니�/학생 주거, 호스피탈리티, 프라� 오피�, 셀� 스토리지, 주차�, 식품 소매 � 여러 섹터� 지원합니다.
프레이저� M7� 공동창업자로� �60� 이상� 관리한 경력� 보유� 부동산 대� 플랫� 구축� 대� 풍부� 경험� 제공합니�. 이번 파트너십은 아폴로의 대� 대� 전략� 보완하면� 상대적으� 소외� 미드� 시장� 공략하 것을 목표� 합니�.
TenFifty Capital, une nouvelle plateforme européenne de prêts immobiliers commerciaux, a annoncé son lancement en partenariat avec Apollo (NYSE: APO). Dirigée par le vétéran du secteur Hugh Fraser en tant que CEO, TenFifty se concentrera sur des prêts de �10-50 millions pour le small et mid-market, visant à accorder �1-2 milliards de prêts lors de sa première année.
La plateforme mettra l’accent sur le senior secured lending dans les principaux marchés européens, notamment le Royaume-Uni, l’Allemagne, les Pays-Bas, l’Espagne, l’Italie et l’Irlande. Avec des bureaux à Amsterdam, Berlin, Londres et Madrid, TenFifty couvrira plusieurs secteurs : logistique, industriel, entreposage retail, logements pour seniors/étudiants, hôtellerie, bureaux prime, self-stockage, parkings et commerce alimentaire.
Fraser, ancien cofondateur de M7 où il a supervisé plus de �6 milliards de financements, apporte une vaste expérience dans la création de plateformes de prêt immobilier. Le partenariat vise à compléter la stratégie d’Apollo sur les gros prêts tout en répondant au segment mid-cap peu desservi.
TenFifty Capital, eine neue europäische Plattform für gewerbliche Immobilienfinanzierungen, hat ihren Start in Zusammenarbeit mit Apollo (NYSE: APO) bekanntgegeben. Unter der Leitung des Branchenveteranen Hugh Fraser als CEO wird sich TenFifty auf Darlehen in Höhe von �10�50 Mio. im Small- und Mid-Market-Bereich konzentrieren und im ersten Jahr eine Darlehensvergabe von �1�2 Mrd. anstreben.
Die Plattform wird senior secured lending in Kernmärkten Europas wie Großbritannien, Deutschland, den Niederlanden, Spanien, Italien und Irland fokussieren. Mit Büros in Amsterdam, Berlin, London und Madrid wird TenFifty mehrere Sektoren bedienen, darunter Logistik, Industrie, Retail Warehousing, Senioren-/Studentenwohnen, Hospitality, Prime-Office, Self-Storage, Parken und Lebensmittelhandel.
Fraser, zuvor Mitgründer von M7, wo er über �6 Mrd. an Finanzierungen betreute, bringt umfassende Erfahrung beim Aufbau von Immobilienkreditplattformen mit. Die Partnerschaft soll Apollos bestehende Strategie für große Kredite ergänzen und das unterversorgte Mid-Cap-Segment adressieren.
- Strategic alliance with Apollo, one of Europe's largest non-bank commercial real estate lenders
- Experienced leadership with CEO Hugh Fraser's track record of managing �6+ billion in financings
- Targeted �1-2 billion loan origination in first year
- Pan-European presence with offices in four major cities
- Focus on underserved market segment with �10-50 million loans
- New platform facing potential establishment challenges in competitive market
- Launching during period of traditional lenders scaling back origination activity
Insights
Apollo partners with new TenFifty Capital platform to expand into underserved �10-50M European CRE loan market, targeting �1-2B in first-year originations.
Apollo's strategic alliance with the newly launched TenFifty Capital represents a calculated expansion into Europe's underserved small and mid-market commercial real estate lending space. Led by industry veteran Hugh Fraser, TenFifty will focus on �10-50 million loans—a segment experiencing structural gaps as traditional lenders retreat. The platform aims to originate an ambitious �1-2 billion in loans during its first year.
This partnership is particularly shrewd for Apollo as it creates complementary deal flow to their existing large loan strategy while enhancing their granular origination capabilities. By targeting smaller transactions across multiple European markets, Apollo gains access to a broader pipeline of senior secured lending opportunities without diluting their risk profile, as they'll maintain focus on first lien mortgages secured by quality assets.
The alliance leverages Fraser's extensive experience, having co-founded M7 and previously managed over
This move comes at an opportune time when European commercial real estate faces significant refinancing needs amid reduced traditional lender activity, positioning Apollo to capture additional market share in the alternative lending space while maintaining a senior position in the capital stack.
Led by CEO and Industry Veteran Hugh Fraser, TenFifty Launches in Alliance with Apollo
Firm to Focus on Small- and Mid-Market Commercial AG˹ٷ Estate Lending Opportunities
MADRID, Sept. 09, 2025 (GLOBE NEWSWIRE) -- TenFifty Capital (“TenFifty� or “the firm�), a new European focused commercial real estate lending platform for the small- and mid-market space, today announced its official launch. TenFifty is led by founder and CEO Hugh Fraser, with a senior, pan-European team investing in core markets across the continent and the UK.
TenFifty launches in alliance with Apollo (NYSE: APO), and its origination pipeline is expected to complement Apollo’s existing large loan strategy. TenFifty will focus on
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. In 2017, Apollo was the first lender to support a UK Retail warehouse strategy I was leading at that time, and they quickly became one of our most reliable. Forming genuine, lasting partnerships with our borrowers is a key principle of how TenFifty conducts its business, and this alignment in approach and vision is exciting for us all.�
Apollo Partner and Head of AG˹ٷ Estate Credit, Europe, Ben Eppley said: “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.�
Fraser launches the Firm with extensive experience in building vertically integrated real estate lending platform across origination, execution and asset management capabilities. Prior to launching TenFifty, Fraser was the co-founder of M7 since 2009, where as head of capital markets he led the sourcing and managing of more than
TenFifty collaborates with borrowers in multiple sectors and across a wide spectrum of asset types, including logistics, industrial, retail warehousing, senior/student housing, hospitality, prime office, self-storage, parking and food retail.
With presence in Amsterdam, Berlin, London and Madrid, TenFifty will invest throughout core European markets including the UK, Germany, the Netherlands, Spain, Italy, Ireland and beyond. The TenFifty team is deeply entrenched in these core markets, bringing not only geographical coverage but also local knowledge and understanding of regional nuances, regulatory frameworks and market dynamics.
About TenFifty Capital
Founded by Hugh Fraser in September 2025, TenFifty Capital is a non-bank commercial real estate lender focused on the
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately
Contacts
For TenFifty:
Hugh Fraser
CEO and Founder
For Apollo:
Noah Gunn
Global Head of Investor Relations
(212) 822-0540
Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
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