Family Office

PERE’s 2023 ranking of institutional investors by equity invested in private real estate has grown, but more slowly, in another sign of the times.

But those deploying capital in the country would still benefit from risk mitigation, members heard at the PERE Network Tokyo Forum 2023.

One such group is CapitaLand, which is seeking to double its AUM in the country over the next three years and accelerate its growth further.

The Tishman Speyer and Raffles partnership marks a rare alliance between a real estate manager and a multi-family office.

The transaction comes at a time when the opportunity set for real estate secondaries investing is shifting.

The New York-based manager initially targeted $750m for its second fund, snagging capital from institutional and high-net-worth investors.

The transaction comes as Fortress is gearing up to expand its wealth management business.

While fundraising has become more difficult domestically, the firm has seen growing interest from investors in Singapore and the Middle East.

The consultant has hired a KKR executive to connect managers with new capital sources as follow-on commitments fall short of expectations.

The $12.4bn raised in Q1 2023 is the lowest first quarter total recorded.