SCOR Investment Partners raised €500 million in the initial fundraising round for its SCOR Real Estate Loans III fund, which will invest in real estate mortgages.

The fund "favors the financing of assets under development, restructuring or repositioning that benefit from the latest environmental labels or welfare certifications," SCOR said in a release, noting that at least 65% of the portfolio's gross commitments will be supported by buildings benefiting from environmental labels.

SCOR marketed the fund to 10 or so European institutional investors that have invested alongside the SCOR group before.