Kamco Invest and Santander Alternative Investments create EUR300mn European real estate private credit partnership
- mesharialduhaim2
- Jan 12
- 2 min read
Kamco Invest and Santander Alternative Investments announced a EUR300mn partnership to offer sharia-compliant, income-generating investment opportunities in European real estate private credit for the Arabian Gulf region. The partnership will utilize Santander’s local expertise to co-invest in real estate credit opportunities across Western Europe, focusing on senior-secured and mezzanine financing for enhanced, risk-adjusted returns with disciplined capital preservation.
Santander Alternative Investments, part of Santander Asset Management, specializes in private credit and real estate. With a presence in Europe and Latin America, it manages over EUR255 billion in assets, combining European market insight with global investment expertise.
Private credit is gaining traction due to high interest rates, tighter bank lending, and the need for alternative financing. Asset-backed financing, anchored by collateral, offers strong cash flow visibility and protection, making it appealing in sectors like residential, logistics, hospitality, and alternative real estate.
Commenting on the partnership, Mr. Mohammed Al Othman, Managing Director of Alternative Investments at Kamco Invest, said:
“Private credit has become an increasingly important component of institutional portfolios globally, supported by structural shifts in lending markets and the growing appeal of income-oriented, asset-backed strategies. We are excited to partner with Santander Alternative Investments, reflecting our commitment to expanding our alternatives platform through collaborations that bring global expertise and disciplined investment practices to our clients in Kuwait and the wider GCC.”
Mr. Carlos Manzano, Chief Executive Officer of Santander Alternative Investments, said:
“Partnering with Kamco Invest, a respected regional institution with a strong market presence, enables us to bring our origination network, credit discipline, and the expertise of our European real estate investment team to a new set of investors seeking resilient, risk-adjusted income. We see a compelling window for private real estate credit in today’s market environment and look forward to building a long-term alternatives platform that can scale with market demand.”
Al-Othman added, “This strategic step enhances our ability to offer high-quality opportunities aligned with sophisticated investors' needs for stability, diversification, and long-term value.”
The partnership aligns with Kamco Invest’s strategy to expand in the alternatives space and strengthen ties with international investment managers. By enhancing its private credit and secured lending capabilities, Kamco Invest aims to solidify its position as a regional leader in delivering diversified, resilient, and institutionally structured investment opportunities.
Kamco Invest was recently named Kuwait’s Best for Alternative Investments in 2025 by Euromoney, recognizing its strong performance and diverse solutions in private equity, real estate, and structured products.
