Phoenix Group commits £1bn to UK real estate debt

Alongside the real estate debt plans, Phoenix Group is working to deploy at least £3 billion into private debt overall, covering areas including infrastructure and corporate lending.

Infrastructure Investor has separately reported that Phoenix Group is deploying at least £3 billion into private debt as part of its broader private markets buildout, aligning the programme with its long-term balance sheet investment strategy.

Within private markets, Phoenix Group is also set to commit up to £1 billion to private equity and venture capital, adding growth-oriented exposures alongside its private debt and real estate lending activity.

Phoenix Group is expected to phase these private markets allocations over time as it builds out origination and manager relationships across real estate debt, infrastructure and private equity.