Silvia Saccardi
Firms like London-based L+R Group are seeking to incorporate institutional capital to reach global scale.
The £12bn London-based family office is preparing to become custodians of institutional money predominantly within its hospitality specialization.
Among the four funds nearing a first close is TPG Real Estate Partners V, the largest real estate fund in market with its $8.5bn target.
The pension fund will invest €500m with manager Bouwinvest in sustainably built affordable housing.
Around 18 months after ending its US multifamily program and refocusing on the industrial sector, the manager’s real estate arm is preparing a fresh diversification push.
Bianca Kraus has been promoted from head of investor relations in Germany to lead capital raising across the region.
In its latest sector outlook, the manager said a key consideration for an asset is its capacity to host ‘the tenants of the future.’
Although the aggregate capital raised was muted, about 70% of funds that closed in the first-half either reached or exceeded their target size at final close.
The move to partner with Stanhope comes as the sovereign wealth fund aims to boost returns by working with sector specialists.
Ex-Niam executive Jennifer Andersson will look to deepen the Northern Europe-focused manager’s capital relationships in the US and Canada.