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Duncan Batty has returned to the UK manager following a stint at digital banking firm Revolut.

Joel Tomlinson, who was the founder of Ares Management’s net-lease strategy, will work to help LNL expand its reach within the asset class.

The UK manager said it has sourced £500m of institutional funding for the strategy.

The global alternative credit manager made the hire to increase its commercial real estate credit business.

John Richardson joins the firm from Arbor Realty Trust, where he filled a similar role.

The Procaccianti Companies affiliate adds a two-decade veteran of Torchlight Investors, Brookfield and Credit Suisse to its lending team.

Andrew Schwartz, the Melbourne-based manager’s co-founder, says Europe’s lending market offers significant scope for growth.

Terri Herubin was charged with overseeing a major restructuring of the California pension plan’s property portfolio.

Compensation improved moderately in 2025, data shows. But industry professionals are now looking for jobs in which they can close deals amid uncertainty.