ICG-Longbow received £370 million in commitments from four undisclosed U.K. pension funds for its third real estate debt fund, IPE Real Estate reported.

The Senior Debt Programme Vintage III fund held a final funding round, with some of the pension funds being repeat investors.

The fund, which focuses on defensive U.K. commercial real estate debt and has £1.2 billion in assets under management, should be fully allocated during the next quarter, ICG-Longbow Head of Senior Debt David Mortimer told the publication.

ICG-Longbow is planning to invest in loans ranging from £10 million to £75 million in London and regional markets. The firm has closed or agreed on terms for eight loans with an aggregate balance of about £160 million, Mortimer added.

ICG-Longbow is the real estate arm of Intermediate Capital Group, an asset manager specializing in debt.