PERE Staff
In today's edition, Days after Goldman Sachs announced a dedicated push into net-lease real estate, the asset management arm of fellow New York banking giant JPMorgan is preparing for a massive buying opportunity of its own. Find out more below. Elsewhere this week, managers grapple with rising opposition to data centers; Invesco looks to curb redemptions from its US core fund; Kennedy Wilson brings in a former CEO to boost its capital-raising efforts and more in this digest, exclusively for our valued subscribers.
In today's edition; Higher-risk strategies remain at the forefront this week as investors seek outsized returns after a market reset. Leading this week’s newsletter is Machine Investment Group, an emerging manager focused on distressed and special situations, which hit the hard-cap on its second flagship fund – the latest in a series of similar capital formation events this month. Elsewhere, global pension investors NPS and CPP Investments each reveal significant exposures to non-core real estate funds; manager Kennedy Wilson expands in Canada; a new trend emerges in manager M&A and more in this digest, exclusively for our valued subscribers.
In today's edition, In a capital-constrained market environment, distributions from prior fund vintages have become an all-important metric in a manager’s track record. The latest example is Raith Capital Partners, which made the headlines this week after raising its largest property fund yet, fueled in part by the performance of its previous flagship vehicles. Get the details below. Meanwhile, we chat with UK real estate billionaire Ian Livingstone on his family office’s push into fund management; Canyon Partners closes its first US opportunity fund above-target; Brookfield and TPG chart their next series of property funds and more in this week’s digest, exclusively for our valued subscribers.
As the London-based manager nears significant closes for a reimagined opportunity fund and its latest debt vehicle, the firm’s high-profile founder describes today’s private real estate capital markets as 'just stuck.'
In today’s edition, Capital is once again flowing into private real estate funds – at least for the industry’s biggest managers. Topping the headlines this week is Blue Owl, which rose to second on the most recent PERE 100 ranking and has shown no signs of slowing after raising a record fund focused on European net lease assets. Elsewhere, fellow top-five manager Ares reports fundraising momentum as it launches its next US vehicle; Cohen & Steers scores pension backing for a combination public-private fund; Davis Companies recruits a veteran capital raiser and more in this week’s digest, exclusively for our valued subscribers.
Apollo Global Management’s latest real estate-focused capital raise tops the headlines this week, and we have exclusive details below on a first-time strategy targeting a hot subsector. Elsewhere, we uncover fresh allocation data in our latest Investor Report; Fifth Wall’s Brendan Wallace shares his views on real estate’s next frontier; Dutch pension bpfBOUW makes the first investment in an ambitious impact program; MetLife brings in a veteran capital raiser from LaSalle and more in this week’s digest, exclusively for our valued subscribers.
The co-founder of the proptech venture firm believes ideas like extra-terrestrial data centers exemplify how investors should be thinking about modern real estate as commercialized space.
EQT has frequently headlined this newsletter for its industrial fundraising prowess. But after pulling back on an expansion into multifamily last year, the firm is once again eyeing the living sector. Meanwhile, New York-based Stonepeak gets off to a flying start for its second fund, Townsend lines up a major secondaries haul, Hines shakes up its APAC and Middle East leadership and more in this week’s digest, exclusively for our valued subscribers.
A long-awaited fundraising rebound remained elusive for private real estate managers in the first half of the year, but that is not the only notable takeaway from our latest report. Get more details below. Meanwhile, we look at what the latest moves by Norway’s NBIM demonstrate about its changing strategy, Canada’s La Caisse reorients its US portfolio; PIMCO’s Francois Trausch discusses AI’s impact on real estate with PERE; and more in this week’s digest, exclusively for our valued subscribers. But first...
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