Hannah Zhang
BC Partners will retain some economic interest in its $1bn inaugural real estate fund, with a 17-strong team joining Proprium, affiliate title PEI understands.
The billionaire mogul also took aim at proposals to curb business tax deductions, warning such changes will 'kill the real estate markets' during a keynote chat at PEI's NEXUS conference.
Ares Management data shows deal volume for real estate secondaries fell 21% in 2023 from the record $12.4bn clocked the year before.
Ares Management data shows deal volume for the asset class fell 21% in 2023 from the record $12.4bn clocked the year prior.
The firm's predecessor fund has been fully deployed to LP and GP-led real estate secondaries transactions across the Asia-Pacific region.