Capital Formation

The Charleston-based manager’s latest credit opportunities strategy will function as a junior capital partner for the Nashville-based bank’s bridge loan pipeline.

The partnership will look at opportunities throughout the capital stack.

Commercial real estate remains an interest-rate-sensitive asset class, particularly with respect to longer-maturity rates.

Institutional investors are deploying smaller, targeted commitments, with more focus on funds – creating opportunities for specialist managers.

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.

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

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

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.