Newsletter

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.

Blueprint: Nuveen-Schroders merger; Mapfre’s portfolio diversification; brokerages’ sell-off implications

Nuveen’s acquisition of London-based asset manager Schroders is slated to form a $2.5 trillion asset management titan with a private real estate exposure at around $172 billion. Madrid-based insurer Mapfre is looking to diversify its property portfolio and seek opportunities outside the office market, investment manager-owning listed brokers experience stock rout because of AI bubble fears and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Azora’s fundraise; Slate’s grocery-anchored strategy; KKR’s core confidence and more

Spanish manager Azora tops the headlines this week with a record Southern European fund, while Canada’s Slate Asset Management is also en route to its largest European fundraise to date. PERE has the scoops on both below. Elsewhere, KKR highlights a “dearth of capital” for core real estate and a corresponding opportunity, the outdoor storage race continues and more in today’s digest, exclusively for our valued subscribers.

Blueprint: Blackstone’s REIT streak, family office trends, investor perspectives and more

The world’s largest real estate manager is set to get larger this year, with Blackstone president Jon Gray predicting increased capital deployment amid “tremendous momentum” for its property business to start 2026. Elsewhere, Madrid-based manager Stoneshield gets the year off to a flying start with its latest fund targeting the Southern European market; PERE’s latest investor survey shows growing confidence in private real estate; Brookfield returns to outdoor storage; a US pension hits obstacles in affordable housing, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: AI bubble woes, Nuveen CIO’s next chapter, StepStone’s core expansion and more

After changes within Nuveen’s real estate division, its former global CIO and head of investments Carly Tripp started her next chapter this month at another large manager. Find out which below. Elsewhere this week, StepStone is back in the news with the launch of a platform, investors shore up their data center strategies amid fears of an AI bubble, Canada’s CPP Investments makes targeted deployments in the US and Japan and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Investor allocation data, a debut hotel fund, Crow Holdings’ data center campus and more

Topping the headlines in this edition is PERE’s latest full-year investor report, with exclusive data on where allocations will be focused in 2026, as well as a rundown of the most active fund backers in 2025. Elsewhere, London’s ActivumSG debuts a fund series, Dallas’s Crow Holdings plans a data center megaproject, Japanese investors set their sights on India and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: A fundraising rebound, Bain’s $3.4bn haul, CBRE’s secondaries leap and more

Our first edition of 2026 brings welcome news for private real estate managers: PERE’s full-year fundraising data reveals capital allocations to the asset class rose significantly last year, suggesting a long-anticipated market recovery has finally arrived. Meanwhile, Bain Capital reaches a final close on its latest flagship fund, CBRE Investment Management achieves a dramatic jump with its second-ever secondaries vehicle, EQT bolsters its US investor coverage, Lone Star goes office shopping and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: PIMCO’s record data center fund, Bain’s shopping center haul, Hongkong Land’s private debut, and more

In this final edition of Blueprint for 2025, we send you into the holiday break with a pair of sector-specific fundraising scoops. First, PIMCO sets a new bar for efforts targeting European data centers after closing its debut sector fund on a record €1.8bn. Meanwhile, Bain Capital reaches $1.6bn with its first dedicated real estate fundraise targeting the retail sector. Elsewhere, key details emerge about listed giant Hongkong Land’s private real estate debut, and more in this week’s digest, exclusively for our valued subscribers.