News Analysis

The new private debt head at the $620bn California pension expects an increasingly diversified program, which has a 10% exposure to real estate debt, to perform well amid a ‘turbulent’ environment.

PERE’s debut ranking of the top 100 private real estate credit fundraisers is preceding a cycle where managers are expected to play a more significant role in refinancing and supporting the real estate industry’s transaction momentum.

The deal marks Lionheart’s first construction financing in the area and will fund a 101-unit residential project in Mineola backed by multiple sponsors.

The potential for an interest rate hike in 2026 looms large over the market, according to credit specialists.

The endowment is also optimistic about resilient office assets and a market rebound amid renewed leasing momentum.

The property is the first luxury beachfront resort in Santa Cruz, California.

The advisory found that 72% of respondents see room to increase originations in 2026.

The endowment is also optimistic about resilient office assets and a market rebound amid renewed leasing momentum.

The push to increase investment speed and efficiency comes after the rapid expansion of the investor’s property portfolio.