Newsletter

Blueprint: Canada’s next mega-manager, Blackstone’s $2bn take-private, KKR’s Europe shake-up and more

Canada’s Sun Life Financial seizes the spotlight this week, as PERE reveals the insurance giant is embarking on an ambitious expansion of its private markets platform with a familiar face at the helm. Meanwhile, Blackstone unveils its latest take-private target in 155-year-old Hawaiian landlord Alexander & Baldwin; Mubadala and Aldar look to raise a $1bn Gulf-focused fund; KKR loses its European real estate head and taps two to replace him; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Sculptor’s record fundraise, LaSalle’s next CEO, investor consolidation, and more

Sculptor Capital Management tops the headlines this week, as PERE can exclusively report the manager has closed its fifth, and by far its largest, flagship property fund yet, pulling in $5.4 billion for a strategy focused on niche property types. Meanwhile, London’s Grosvenor Group breaks into a new market; Chicago’s LaSalle reveals its next global CEO; Korea’s NPS backs a UK multifamily venture; an Artemis veteran finds a backer for his own senior housing platform; a slew of mega-managers announce big logistics tie-ups; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Kayne Anderson’s $3bn quest, ICG’s Asia retreat, Artemis after the sale, self-storage wars and more

As the US pauses for turkey, football and expressions of gratitude, a handful of managers have something to be thankful for this season, too. Kayne Anderson is defying even its own expectations with its seventh and soon-to-be-largest flagship property fund yet, while Artemis Real Estate has lined up $1.2bn and counting for its third healthcare fund, and its first since its sale to Barings. Meanwhile, self-storage booms, investors mull the Mamdani effect and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: A life sciences rebound, Ontario Teachers’ Asia retreat, Sixth Street’s staycation and more

This week’s top story highlights a contrarian effort in one of real estate’s most challenged sectors of recent years: life sciences. Eyeing opportunity in the wake of a broad retreat from the category, Tishman Speyer-backed Breakthrough Properties is back with a second fund with $430 million in initial commitments to show for it. Elsewhere, retrenchment wears on as Ontario Teachers cuts its Asia real estate team, prime offices enjoy a global rent bump, Sixth Street bets on San Francisco and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Tokio Marine’s ACORE buy, Blackstone’s leadership change, Madison’s APAC secondaries push and more

As the impacts of deglobalization continue to ripple through international markets, a handful of cross-border maneuvers stand out this week, starting with Japanese insurer Tokio Marine’s purchase of a majority stake in US real estate credit manager ACORE Capital. Elsewhere, Blackstone global co-head of real estate Kathleen McCarthy announces her exit after 15 years with the firm; secondaries specialist Madison International Realty plots a push into Asia; the Abu Dhabi Investment Authority pulls off a large exit in Singapore; Japan’s GPIF backs another American manager in its home market and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Gaw retrenches to Asia, Brookfield sells on secondaries market, PERE America arrives, and more

The week leading up to PERE’s 20th annual PERE Network America Forum was one of push and pull: Gaw Capital decided to stop adding to its institutional offerings in Europe and the US in a retrench to Asia; Brookfield pushed into real estate secondaries exits; and EDF Invest thrust its way into the residential sector; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Makarora, Ares to take Plymouth private, AEW ends its Asia flagship series, the trend driving consolidation, and more

The seasons have finally begun to change in many markets this week, but private real estate still finds itself in a similar state of flux. Makarora and Ares Management swoop in as surprise buyers for Plymouth Industrial REIT; AEW ends its Asia fund series; parent PEI Group’s Private Markets 2030 feature demonstrates changing investor landscape driving manager consolidation; Nuveen gets into the private wealth market; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Ares’ new era, BGO’s data center fundraise, target allocations’ slide, and more

A change atop Ares Management’s global real estate business leads the headlines this week, followed by an exclusive on a US industrial fundraise by BGO with a data center angle. Meanwhile, Hodes Weill finds a dip in investors’ target real estate allocations, Prologis eyes capitalization strategies for its own data center expansion, AustralianSuper expands its UK push, and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: StepStone, Greykite’s record €1.5bn recap, Q3 fundraising data, PERE Awards and more

StepStone and Greykite top the private real estate headlines this week with a blockbuster €1.5 billion recap in Spain, and we have all the details below. Elsewhere, New York’s Pantzer Properties reports a $1 billion fundraise; PERE reveals the latest private real estate fundraising data; the PERE global awards reopen; and more in this week’s digest, exclusively for our valued subscribers.

Blueprint: Women of influence, Expo highlights, DPI deep dive, Blackstone’s Gulf game and more

This week marks the release of the fifth annual Women of Influence in Private Markets list – meet this year’s class below. Meanwhile, our latest cover story takes a deep dive into property fund distributions (or the relative lack thereof); European real estate leaders head to Munich for Expo Real, where PERE is on the ground and the stage; Blackstone, SC Capital and CapitaLand stake their claims in the Gulf region; and more in this week’s digest, exclusively for our valued subscribers.