Blueprint: Carlyle’s record fundraise, BVK chief’s exit, Hourihan’s new gig, tariff reaction and more

The Carlyle Group tops the private real estate headlines this week after closing its largest real estate fund yet and the second-largest in 2025 by any manager. Elsewhere, German pension BVK’s longtime property chief departs; real estate reacts to the latest Trump tariffs; CBRE IM’s former CIO Kim Hourihan jumps to Invesco; private wealth’s ascent continues and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint