Investors

PERE’s relaunch – The editors’ take

PERE’s editors share the biggest highlights from our newly integrated real estate capital markets service, which launched this week.

Pearlmark holds final close for sixth mezzanine debt fund

The firm raised $528m for Pearlmark Mezzanine Debt Fund VI, exceeding its cap of $475m.

LACERA’s real estate head departs after two years

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

Capital watch: Fundraising in real estate private debt remains resilient

Multifamily remains the dominant asset class for sector-specific real estate credit fundraising.

Incus holds second close of €800m European asset-backed financing fund

The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.

Game, set, duration match: How real estate credit is serving an ace for insurers

More insurance company investors are moving toward allocations and partnerships with US and European real estate private credit managers as their income needs grow.

CalPERS looks at increasing real estate debt in diversification push

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.

Trinity Church, one of New York’s biggest landowners, is bullish on RE credit

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

NPS moves toward bespoke partnerships, real estate credit

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

Lenders deny manipulating valuation of Brussels tower in High Court dispute

CBRE Loan Services denies allegations that it and lenders to Belgium’s largest office building pressured valuers.