Theresa Agovino

The New York-based manager plans to use proprietary AI for an opportunistic strategy mainly targeting US residential and industrial properties.

The former Bain, Fortress and JPMorgan exec comes to Boston-based Davis to oversee capital formation after a leadership transition.

After an influx of capital from the region into its listed REITs, the Philadelphia-based manager’s co-CIO said private real estate is now taking the cross-border spotlight.

The New York-based manager has raised $279m a year after launching the vehicle, which seeks to outperform the ODCE Index with tactical allocations to specialist REITs.

Switzerland-based Partners Group deploys capital from its latest secondaries strategy to join existing Adler investors in $343m continuation vehicle. 

The multi-manager has already deployed $1bn out of its latest secondaries fund and related vehicles, with an early emphasis on data center investments.

This year’s uptick in fundraising activity has a hidden factor – increasingly investor-friendly fund terms.

The pension fund with $8bn in real estate holdings plans to continue selling office assets and limit its REIT exposure while prioritizing industrial and retail.

Launched in a ‘different environment’ for real estate in 2023, the firm’s latest flagship fund gathered enough momentum over the past year to top its $10bn fundraising goal.

The sector, which represents 20% of the Canadian pension’s total portfolio, has been its only negatively performing asset class since 2023.