Travers Smith Assists RBSI in €77M Facility for Harbert Fund
Deal News | Jul 31, 2025 | Travers Smith
Travers Smith LLP has successfully assisted RBS International (RBSI) in setting up a subscription facility worth approximately €77 million for Harbert European Real Estate Fund VI (HEREF), overseen by Harbert Management Corporation. This novel facility features a use-of-proceeds setup that allows for sustainable benefits such as investments in eco-friendly buildings, de-carbonization efforts, and affordable housing. Led by Finance Partner Danny Peel, alongside Senior Associate Alastair Lowson and Associate Hannah Ramsey, Travers Smith facilitated this transaction, enabling HEREF to continue with its sustainable investment pursuits while securing substantial capital deployment.
Sectors
- Finance
- Real Estate
- Sustainability
Geography
- Europe – The transaction involves Harbert European Real Estate Fund VI, which is focused on the European real estate market.
- United Kingdom – Travers Smith LLP, the advisor in the transaction, is a UK-based law firm.
Industry
- Finance – The article involves a financial transaction concerning a subscription facility provided for investment purposes.
- Real Estate – Harbert European Real Estate Fund VI focuses on real estate investments, including sustainable buildings and affordable housing.
- Sustainability – The use-of-proceeds structure supports investments aimed at promoting sustainability, such as de-carbonization initiatives.
Financials
- €77 million – The value of the subscription facility provided to Harbert European Real Estate Fund VI.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Travers Smith LLP | Legal Advisor | Company | A UK-based law firm advising RBSI on the transaction. |
| RBS International | Lender | Company | Provider of the subscription facility to Harbert European Real Estate Fund VI. |
| Harbert European Real Estate Fund VI | Borrower | Company | The recipient of the €77 million subscription facility. |
| Harbert Management Corporation | Fund Manager | Company | Manager of Harbert European Real Estate Fund VI. |
| Danny Peel | Finance Partner | Person | Finance Partner at Travers Smith LLP leading the advisory team. |
| Alastair Lowson | Senior Associate | Person | Senior Associate at Travers Smith LLP supporting the advisory team. |
| Hannah Ramsey | Associate | Person | Associate at Travers Smith LLP supporting the advisory team. |