Newsletter

Blueprint: Fundraising’s latest snag; Francois Trausch on AI; NBIM and La Caisse go indirect and more

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…

Blueprint: GPIF appoints real estate chief; our first-ever capital advisory ranking; REITs’ private funds push and more

Japan’s GPIF, a public pension giant and owner of a growing property portfolio, has seen significant changes in both its private markets and real estate leadership. We have the details below. Elsewhere this week, we reveal our first-ever ranking of the industry’s top placement agents; public REITs rush into private fundraising; UK managers mull the country’s direction and more in this digest, exclusively for our valued subscribers.

Blueprint: Kayne Anderson in $1.4bn real estate business exit; Greystar’s and TPG’s latest flagships; Hines’ Gulf JV, and more

Another manager-on-manager acquisition involving a major private real estate fundraiser tops the headlines this week as Bridgepoint Group acquires Kayne Anderson, and PERE can share today an exclusive interview with both firms’ chief executives. Elsewhere, managers Greystar and TPG Angelo Gordon rack up early commitments for the next vintages of long-running flagship fund series; Hines looks to deepen its Middle East ties and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Urban Partners’ regeneration windfall; an ESR departure; Affinius’ $1bn data center fund; and more

Co-investment schemes offering investors bespoke or flexible exposure to real estate funds continue to unlock capital for managers. This week, two such examples top the headlines: Urban Partners and Partners Group, which both announced large capital raises with comparable contributions to the main funds and various sidecars. Get all the details below. Elsewhere, Affinius Capital lines up $905m for its debut data center fund; a senior executive departs ESR Group; Warburg eyes another real estate privatization, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: NPS’s strategic shift; EQT’s first mega-fund; CPP’s APAC growth; a $2bn retail deal and more

As competition in the real estate capital markets heats up, another of the sector’s largest allocators says it is moving away from fund commitments to prioritize direct investments and club deals. Read all about the pivot by Korea’s National Pension Service below. Elsewhere, industrial giant EQT comes to market with its most ambitious property fund yet; Canada’s CPP widens its lens in Asia; four heavy hitters come together to acquire a US grocery-anchored platform; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Kayne Anderson’s $5bn haul; Stoneshield’s record fundraise; a holiday park mega-deal and more

Is fundraising for private real estate vehicles gathering steam? This week’s headlines include a pair of notable achievements for managers, beginning with Kayne Anderson. The Los Angeles-based firm not only blew past its target for its sixth opportunistic equity fund, it pulled in the largest capital haul of any private real estate vehicle to reach a final close so far this year. Meanwhile, PERE can reveal a separate record-setting fundraise by Southern Europe specialist Stoneshield Capital; private REITs and real estate secondaries go under the lens; Aermont pays $1 billion for a UK portfolio; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: CPP’s last-mile push; Heitman’s self-storage ambitions; a PBSA windfall; and more

Investors are racing to gain exposure to specialty real estate sectors, with experienced operators positioning themselves to benefit. Topping the headlines this week is Canadian pension giant CPP Investments, which broke from tradition with the purchase of a partial stake in a French logistics platform. Elsewhere, Blackstone charts a new course in digital infrastructure, Heitman is off and running with a debut self-storage vehicle, Core Spaces raises $1.6bn to develop student housing, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Digital Realty’s private push; Brookfield’s dealmaking boom; Nuveen’s Korea debut and more

Public and private real estate markets are clashing again as listed data center giant Digital Realty plots a fundraising expansion, and we have the exclusive details below. Elsewhere, Brookfield eyes a dealmaking renaissance, Greystar turns to the Middle East, Nuveen debuts in Korea’s living sector and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Blue Owl’s net lease equity haul; private real estate compensation survey; Ares’ Q1 fundraising

Blue Owl reported gathering $3 billion in equity for its net lease strategy, accounting for three-quarters of its Q1 real estate equity raised; private real estate compensation is rebounding with chief financial officer roles at operational platforms seeing highest growth rate among categories. Elsewhere, Ares Management is on track to achieve a record fundraising year, locking $5 billion of equity and debt commitments for real estate in the first quarter; and more in today’s digest, exclusively for our valued subscribers.