M&G INVESTMENTS HOLDS FINAL CLOSE ON OVERSUBSCRIBED FUNDS WITH FIRSTAVENUE AS GLOBAL PLACEMENT AGENT

March 2014

LONDON/NEW YORK - FIRSTavenue, a leading global private placement agent and advisory firm, is pleased to announce the final closing of M&G Real Estate Debt Funds II and III, which were raised simultaneously. The funds closed at a combined £1.35 billion, exceeding their £1.0 billion target. Fund II, which focuses on European mezzanine real estate debt, closed at £605 million and Fund III, which focuses on European stretch senior real estate debt, closed at £750 million. The funds attracted commitments from a diversified global group of investors, with FIRSTavenue serving as the sole global placement agent.

"M&G is one of the premier names in the real estate market and FIRSTavenue is privileged to partner with them on their successful fundraises," commented Paul Buckley, Founder and Managing Partner of FIRSTavenue. "We look forward to continuing our relationship with the entire M&G team and wish them and their investors much success. We also congratulate M&G being named Private Debt Investor's "European Real Estate Debt Manager of the Year," he added.

"As investors started exploring this new asset class, the FIRSTavenue team understood our strategy and guided us through the fundraising process. They provided a marketing plan that they executed quickly and thoroughly and the investors responded positively. Both junior funds combined with the discretionary capital available for us for the senior mortgage strategy, gives us tremendous firepower to lend across the whole capital structure," commented John Barakat, head of real estate finance at M&G Investments. "We are pleased with the support and enthusiasm we received from both new and existing limited partners and their affiliated pension consultants, and look forward to working with them in the years to come."

About M&G
M&G is an international active asset manager, investing on behalf of individuals and institutions for over 80 years. At 31 December 2013 the firm manages £244 billion of assets through a wide range of investment strategies across equities, fixed income, property and multi asset. Headquartered in London, M&G employs over 1,800 people worldwide operating from offices across Europe and Asia. M&G was one of the first major institutions to identify the investment opportunity in real estate finance, deploying M&G's significant resources in credit, where the firm has over 170 investment professionals, of which 20 are dedicated to real estate finance. For more information on M&G, please visit www.mandg.co.uk

About FIRSTavenue
Founded in 2006, FIRSTavenue is a leading independent global placement agent and advisory firm dedicated to raising capital for a distinguished group of alternative asset managers across private credit, private equity, real assets and real estate in developed and emerging markets. With an experienced team of over 50 professionals located in London, New York, San Francisco, Cleveland and Sydney, FIRSTavenue provides global distribution and accessibility to an extensive network of institutional investors. For more information on FIRSTavenue, please visit www.firstavenue.com

Contact:
Paul Buckley, Managing Partner
FIRSTavenue, London
+44 20 7016 6601
pbuckley@firstavenue.com

M&G INVESTMENTS HOLDS FINAL CLOSE ON OVERSUBSCRIBED FUNDS WITH FIRSTAVENUE AS GLOBAL PLACEMENT AGENT

FIRSTavenue Awarded 2024 Excellence in Private Funds Advisory (UK) by CFI.co

FIRSTavenue Announces Expansion of Capital Solutions Group with Key Hires from Tradition Private Markets Secondaries Team

FIRSTavenue Congratulates Impax Asset Management on €459 Million Final Close of Impax New Energy Investors Fund IV

Promotions 2024

FIRSTavenue drives innovation within the private markets by making strategic investment in Frictionless Markets

FIRSTAVENUE ELEVATES TALENT WITH A SERIES OF STRATEGIC PROMOTIONS

FIRSTavenue appoints John Crocker as Head of Project Management in North America

FIRSTavenue supports Vision Blue Resources in their $650 million fundraise

Barry Wilson joins FIRSTavenue’s North American private credit team

FIRSTavenue Appoints Fahim Imam-Sadeque as Managing Director to Strengthen European Sales Team

Planet First Partners Announces €450 Million Final Close of Growth Impact Fund

FIRSTavenue Announces Launch of Social Mobility Programme

FIRSTavenue Strengthens Global Client Advisory and Marketing Capabilities with Five Senior Appointments

FIRSTavenue Appoints Nick Chronias to Lead Capital Solutions Group Serving the Growing Private Funds Secondaries Market

Key Note Interview

Expert Q & A

Evergreen Thoughts - by Francesca Lloyd

UBS O’CONNOR ANNOUNCE FINAL CLOSE OF CLOVER PRIVATE CREDIT OPPORTUNITIES II STRATEGY RAISING USD1.7 BILLION

New Joiners to First Avenue - February 2022

STAR AMERICA ANNOUNCE FINAL CLOSE OF INFRASTRUCTURE FUND II RAISING USD700MN

Infrastructure & Private Debt Awards 2021

2021 Promotions!

FINAL CLOSE OF SIGNAL ALPHA II FUND AT EUR 900MN

FINAL CLOSE OF NOVO TELLUS PE FUND 2 AT USD 250MN

Still Committed to Credit - Expert Q&A with Tavneet Bakshi for Private Debt Investor's 2021 Perspective Report

Making the Case for African Infrastructure - Expert Q&A with Paul Buckley for Infrastructure Investor's 2021 Perspective's Report

FINAL CLOSE OF TRITON DEBT OPPORTUNITIES II

FIRST AVENUE ANNOUNCES NEW PROMOTIONS

EQUITIX’S EUROPEAN INFRASTRUCTURE FUND I RAISES EUR 558MN

FINAL CLOSE OF CRESCENT’S EUROPEAN SPECIALITY LENDING FUND II RAISES EUR 1.75BN

GRANT DAVIS JOINS FIRST AVENUE

Keynote Interview

Expert Q&A

FIRSTAVENUE RECEIVES RECOGNITION FROM TWO INDUSTRY-LEADING PUBLICATIONS FOR 2019

Seeking out new strategies

Preparing for fundraising challenges

A coming of age for the energy transition

FINAL CLOSE OF WESTBRIDGE II RAISES £140M (US$182m) OF FIREPOWER

How direct lending's growth is changing returns

Anatomy of a fundraise

FIRSTAVENUE HAS BEEN NOMINATED ACROSS ALL REGIONS AS PLACEMENT AGENT OF THE YEAR IN THE PRIVATE DEBT INVESTOR 2018 AWARDS

INFRAVIA CAPITAL PARTNERS EXCEEDS TARGET AGAIN

Judo Capital raises A$140 million to build Australia's first challenger bank

FIRSTavenue hosts KOFIA Investment Conference in London

Dry powder and diversity

DEREK DIETRICH RETURNS TO FIRSTAVENUE

Real Deals explores the private debt market with Tavneet Bakshi

Real Deals In Profile with Firstavenue

FIRSTAVENUE ADDS COLLIS KLARBERG TO THE GLOBAL TEAM

Crescent Mezzanine Fund VII Closes More Than $4.6 Billion

FIRSTavenue hires Caroline Weir as Chief Financial Officer

Freeport Financial Secures $500 million of Capital for Fund III

INFRAVIA III HITS ITS HARD CAP IN CLOSING AT EUR 1 BILLION

FIRST AVENUE HUNTING FOR THE NEXT BIG THING

Rockefeller Brothers Fund confirms investment in Mainstream Renewable Power Africa power generation platform

Mainstream Renewable Power Signs Landmark Africa Clean Energy Equity Funding

Actis raises over $500m for new African real estate fund

FIRSTavenue hires Stefan Sarles as Group General Counsel

SMA’S WITH BEN SCHRYBER

FIRST AVENUE RECEIVES PDI’S 2014 CREDIT PLACEMENT AGENT OF THE YEAR AWARD

FEE STRUCTURES MOVE FOR PRIVATE DEBT FUNDS WITH BEN SCHRYBER

OUR VIEWS ON THE ART OF BENCHMARKING

FIRSTAVENUE OPENS AUSTRALIAN OFFICE AND ADDS PARTNER

M&G INVESTMENTS HOLDS FINAL CLOSE ON OVERSUBSCRIBED FUNDS WITH FIRSTAVENUE AS GLOBAL PLACEMENT AGENT

MEZZVEST HOLDS FINAL CLOSE ON €585 MILLION FOR FUND III

ACTIS HOLDS FINAL CLOSE ON OVERSUBSCRIBED THIRD ENERGY FUND WITH FIRSTAVENUE AS SOLE PLACEMENT AGENT

OUR LATEST VIEWS ON THE PRIVATE CREDIT MARKETS

STONEPEAK INFRASTRUCTURE PARTNERS HOLDS FINAL CLOSE ON OVERSUBSCRIBED DEBUT FUND WITH FIRST AVENUE AS SOLE PLACEMENT AGENT

FIRST AVENUE BRINGS IN FORMER GOLDMAN EXEC

BREOF II

M&G REAL ESTATE DEBT FUND

PORTILLION

SVEAFASTIGHETER FUND III