Newsletter

Blueprint: KKR’s milestone, BREIT’s interim chief, manager M&A and more

Two noteworthy pieces of information revealed in regulatory filings top the private real estate headlines this week, as KKR hits a $2 billion milestone on its latest US property fund, while on a more somber note, Blackstone discloses the appointment of an interim CEO of BREIT after the shocking loss of Wesley LePatner last month. Elsewhere, HSBC names its next real assets head, M&A data shows manager stake sales are on the rise and more in this week’s briefing, exclusively for our valued subscribers.

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: Blackstone’s $25bn data play, Coima investigated, Greystar’s private wealth push, and more

Private real estate’s biggest gets bigger this week as Blackstone, already the world’s top data center owner, unveils its largest venture in the sector yet. Elsewhere, Italian authorities probe fast-growing manager Coima; Greystar jumps on the private wealth train; a first-time manager in Hong Kong sees its debut fund oversubscribed; sovereign wealth funds spurn real estate; and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: H1 fundraising data, BNP and AXA IM’s new leadership, Waterton’s next CIO, and more

PERE’s latest exclusive fundraising data sets the tone this week, indicating a bump for the asset class in H1 – albeit with some major caveats. We break down the biggest takeaways in our report with a dedicated podcast episode. Elsewhere, BNP Paribas AM and AXA IM’s post-merger leadership starts to take shape; Drake Real Estate Partners closes a record fund; Waterton taps a new investment chief, and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: GPIF’s European property play, ESR’s overhaul, BlackRock’s credit push and more

On a mission to grow its undersized private real estate allocation, Japan’s mega-pension fund GPIF leads the industry headlines this week with its fourth-ever fund commitment in the asset class – and its first to a manager not named Blackstone or Brookfield. Elsewhere, a Starwood-led consortium makes its first move after its $7 billion take-private of industrial giant ESR, BlackRock dives deeper into private credit, Texas TRS eyes luxury hotels and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: Private real estate’s 100 most influential, AXA’s new regional heads, Australian senior housing and more

July’s arrival marks the release of PERE’s special 20th anniversary issue, leading off with our second-ever ranking of private real estate’s 100 Most Influential individuals. See who made it below. Meanwhile, France’s AXA IM Alts changes up its regional real estate leadership; Korea’s National Pension Service backs an Australian mega-deal; Macquarie debuts a US senior housing strategy after assembling a veteran team and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: A CPP megadeal, a Howard Marks-backed record fundraise, Blackstone’s Europe view and more

North American investors are staking their claims in high-conviction European property sectors this week, led by Canada’s CPP Investments, which fended off KKR among others for a coveted student housing portfolio. Meanwhile, Maryland-based Realterm sees a windfall for its Europe-focused outdoor storage fund, Blackstone’s head of Europe sits with PERE for a wide-ranging talk and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield’s next real estate chief, Ares and PIMCO raise billions for data centers and more

A carefully laid succession plan comes to fruition this week as Brookfield reveals its next global real estate chief. Elsewhere, debut data center efforts by PIMCO and Ares find serious traction with investors, public REIT managers eye private capital, Patron and Sixth Street orchestrate significant M&A deals, CDPQ heralds a new era for Ivanhoé Cambridge and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: Starwood’s $6bn fundraise, capital flows in the tariff era, PERE Europe forum and more

A pair of PERE exclusives lead the headlines this week: first, an update on Starwood Capital Group’s progress with its latest opportunistic fund, set for a final close in the next year with a $10 billion target. Second, a major new hire at Crow Holdings, which brings on an AIMCo, BGO and CalPERS veteran to run its core/core-plus business. Elsewhere, investors offer differing views on capital flows, student housing continues to draw attention in the UK and more in this week’s briefing, exclusively for our valued subscribers.

Blueprint: PERE 100 revealed, NBIM’s Japan reversal, Grosvenor’s new CEO and more

This week marks the hotly anticipated release of PERE’s annual comprehensive ranking of private real estate’s largest capital raisers. The 2025 edition of the PERE 100 and PERE 200 includes some significant changes from last year, and the volatility says a lot about the state of real estate fundraising. Elsewhere, NBIM and EQT make high-profile exits in Tokyo; Nuveen leans into private wealth; Grosvenor and AEW make senior appointments and more in this week’s briefing, exclusively for our valued subscribers.