Family Office

London-based residential specialist Matter has also received an investment from Madison into its value-add and opportunistic funds.

PERE’s investor ranking sees its first-ever aggregate decline in property exposure as macroeconomic factors continue to weigh on values and sentiment.

For the first time on record, PERE’s global investor ranking contends with a decline in aggregate allocation to private real estate.

Geopolitical uncertainty is less of a concern for the investor group than debt costs.

Early indications of an uptick in transaction activity signal the end is in sight for the drought of real estate fund distributions.

Travis King, head of the family office collective, said the investor type still views the world’s largest property market as ‘the safest spot to be.’

The South Carolina-based manager and top US apartment owner has brought in HarbourVest’s Stephen Mullin to lead appeals to family offices, RIAs.

Residential benefited from the headwinds battering other sectors as the segment became increasingly institutionalized, especially in Europe.

The multifamily specialist’s latest vehicle also marks the first time the firm is making rescue capital investments.

The close represents a major milestone for Zain Fancy and his firm Clifton Partners, which was founded in 2011.