Newsletter

Blueprint: CapitaLand’s mandate from Income Insurance; JEN Partners’ Fund 9; Women of Influence nominations open

CapitaLand Investment is slated to manage Income Insurance’s direct real estate portfolio after taking on a S$2.4bn real estate investment mandate; JEN Partners hits the hard-cap of $900m for its Fund 9 in a speedy fundraising run. In addition, PEI’s Women of Influence in Private Markets program is now open to nominations; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Chatham Financial to buy Hodes Weill; KingSett Capital’s retail REIT privatization; GPIF’s domestic commitment

Hodes Weill enters an agreement to be purchased by Chatham Financial as it aims to expand in infrastructure; KingSett Capital is acquiring First Capital REIT, absorbing C$4.4 billion of shopping center-anchored assets in the process; the world’s largest public pension fund GPIF is allocating ¥10 billion ($67 million; €61 million) to Phoenix Property’s flagship opportunistic fund, focusing on Japan investments; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Ares’ REIT take-private; La Caisse-Prologis joint venture; Federated Hermes’ US footprint

The past week was marked by a slew of M&A activities across sectors and borders. Ares is completing its second REIT privatization this year, acquiring Whitestone and absorbing a US necessity retail-backed portfolio. Prologis is launching a new pan-European logistics vehicle through a joint venture with La Caisse, aimed at driving growth with an existing €1 billion portfolio. Meanwhile, Federated Hermes completed a $331 million deal last week to acquire an 80 percent stake in FCP; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Ares’ double win; Carmel Partners’ buying commitment; Sun Life’s acquisition of BGO

Ares Management closed two flagship value-add funds in the US and Europe, respectively, attracting $5.4 billion in capital commitments and demonstrating improving investor appetite; Carmel Partners is prioritizing acquisition opportunities over development for its ninth value-add fund, which attracted $1.35 billion in equity. Elsewhere, Sun Life cements its growth ambitions after completing the acquisition of remaining interests in BGO and alternative credit manager Crescent Capital Group; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: ICG’s second Metropolitan fund; LaSalle’s decarbonization focus; NorthPoint’s fundraising breakthrough

Firm record fundraises for ICG and NorthPoint Development dominate the headlines this week, demonstrating how logistics strategies in Europe and North America remain high on the agendas of institutional investors; LaSalle Investment Management enjoys fundraising success for a rare offering prioritizing carbon reduction outcomes in real estate investment; CalPERS highlights early performance success after moving up the risk-return curve; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Apollo’s net lease play; CBRE’s Japan fundraise milestone; GIC’s built-to-suit logistics bet

Apollo is buying a 49 percent stake in a joint venture with Realty Income for $1 billion, backed by a single-tenant retail portfolio on long-term net leases. CBRE Investment Management has raised $2.1 billion for its seventh Asia-Pacific value-add real estate fund, marking the largest fundraise in its Asia Value Partners series; GIC is launching a $1.6 billion US build-to-suit logistics joint venture with sector giant Prologis, its second such push in 2026; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Savills-Eastdil merger; Fortress explores DST fundraising; Rest Super’s US retail allocation

UK real estate brokerage Savills expands its US services with the $1.1 billion acquisition of Eastdil Secured; Fortress is launching a platform to sell units in Delaware statutory trusts, capturing fundraising momentum among private wealth investors; a trio of Australian superannuation funds commit a combined $330 million to Nuveen Real Estate’s US retail fund; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Iran war’s potential spillover effects; Morgan Stanley’s fundraise milestone; KKR’s real estate repositioning

Market participants at the PERE Network Asia Summit discussed how geopolitical turmoil could spill over into commercial real estate markets; Morgan Stanley Real Estate Investing closed $2.88 billion for the 11th fund in its global opportunity series, drawing new investors with more concentrated capital deployment. Meanwhile, KKR is examining its scalability challenges as the firm’s equity under management has ballooned over the past years; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: PERE Awards 2025; Asia Summit dispatch; Almanac’s minority stake acquisition

The PERE Awards 2025 highlight the biggest achievements in private real estate equity over the past year, marking a shake-up among honorees following the awards’ overhaul. Meanwhile, the PERE Asia Summit is taking place in Singapore this week, with more than 800 global market participants gathering and sharing actionable insights amid ongoing market disruptions. Elsewhere, Almanac acquired a minority stake in Alterra IOS, reinforcing the trend of investors backing sector specialist managers; and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Stoneweg’s M&A push; Kennedy Wilson’s privatization; Nuveen’s investor expansion

Stoneweg plans to scale its real estate AUM to €15 billion by 2030, eyeing the deployment of €1 billion across Europe’s living sector in 2026 alone. Kennedy Wilson is slated to be taken private in a $1.65 billion deal agreed by a consortium of executives at the firm and Fairfax Financial. Elsewhere, Nuveen is diversifying the investor base of its Nordic self-storage platform by inviting capital partners outside its parent company; and more in today’s digest, exclusively for our valued subscribers.