Capital Formation

Sculptor’s early investments for its $4.6bn opportunistic fund reveal a cautious stance

The bulk of the deployment for Sculptor Real Estate Fund V has come via mezzanine debt and preferred equity investments, indicating how some opportunistic investors are mitigating risk.

LaSalle IM names new global CEO, president

Americas head Brad Gries will assume the top job at the Chicago-based manager as incumbent chief executive Mark Gabbay transitions to executive chair.

Avila holds $100m first close for second debt strategy

The firm lined up Hillwood as a lead investment partner en route to its $1bn target and a June 2026 final close.

Regional retrenchment: ‘Financial engineering trumping local knowledge is over’

This episode of The PERE Podcast discusses ICG’s retrenchment from Asia, following a line of Western managers doing the same. We also speak to Goodwin Gaw, chairman of Gaw Capital, about his views on the current trend and the firm’s renewed focus on the region.

Artemis raises $1bn for healthcare real estate in under six months

Continuity concerns over the manager’s $650m sale to Barings appear to be quelled as it pulls in its second-largest capital haul to date.

Tokio Marine to buy majority stake in ACORE Capital

The transaction marks the first time the Japanese insurer has acquired a full or partial stake in a real estate manager.

TPG Real Estate Credit holds final close on $2.1bn for latest strategy

The firm exceeded its initial target of $1.5bn for the opportunity fund.

Exclusive: Greystar holds $1.27bn close of second closed-end credit strategy

The Charleston-based manager surpassed its original $750m target for the real estate credit vehicle and has already committed $1.8bn in loans.

Real estate target allocations fall for first time in over a decade

Hodes Weill and Cornell University’s annual report finds institutions lowered targets 10bps on average in 2025, the first decline in the survey’s 13-year history.