Pension Fund

GCM, Artemis-backed Brasa closes third opportunistic fund on $580m 

The firm, run by former AEW execs, targeted public pension investors via emerging manager programs.

CDPQ taps two industry veterans to run US, European real estate

Karen Horstmann, formerly of NBIM, and CBRE IM’s Christina Forrest have joined the Canadian pension as managing directors in New York and London, respectively.

Invesco Real Estate creates senior fundraising role in South Korea

Among the Atlanta-based manager’s South Korean investors is NPS, which committed $98m to its US value-add fund in 2022.

Australian Retirement Trust forms $1bn fund with Almanac

The partnership represents the Australian superannuation fund’s first strategy to focus solely on real estate operating companies.

Sculptor raises $3bn for fifth flagship fund, its largest ever

The manager also more than doubled the size of its non-traded REIT last year after pulling in another $270m.

Perspectives 2025: What investors want from real estate is changing

Investors’ top risk factors, favored sectors and performance expectations from private real estate are shifting as the industry finds a path to recovery.

Hotels are back – this time for a long stay

Encouraged by shifting market conditions and resilience to economic challenges, managers and investors are backing the sector to deliver strong returns in the next cycle.

DOWNLOAD: Investor appetite for real estate wanes as allocations dip

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

First-time manager Alpaca raises $100m for tech-driven fund

New York Common is among the backers of the firm’s first opportunistic vehicle.

Connecticut Retirement earmarks up to $1.35bn for real estate

The pension fund will favor non-core investments and existing managers in its allocation plan for the asset class in 2025.