Fairview Partners Investment Management, LLC, a boutique debt fund manager, announced the initial close of Fairview Investment Fund VIII, LP (Fund VIII), with $75 million in anchor commitments toward its $250 million target.

Consistent with its previous funds, Fund VIII will target a diversified portfolio of senior secured private real estate loans, focusing on two underserved market segments: distressed debt and small- to mid-balance loans.

“We are seeing robust activity in the loan sale market, and also for our unique forms of real estate financing,” said Nels Stemm, founding principal at Fairview. “Distress in the market is widening out from office to other property types, and permanent lenders have begun to tire of extending their loans and are looking to clean up their balance sheets.”

Founded in 2011, Fairview Partners is an investment fund manager based in Seattle, Washington, and the firm has sponsored ten funds and invested over $750 million across nearly 500 loans.